The post Cardano (ADA) Price Prediction (Dec 6th) appeared first on Coinpedia Fintech News
As Cardano sustains above the $1 psychological mark, the pullback might soon retest the bullish dominance. Will this pullback result in a drop below the $1 mark in Cardano today? Let’s find out in our latest Cardano ADA price prediction.
Cardano Price Analysis
In the 4-hour chart, the Cardano price action showcases an ascending triangle breakout rally. However, the breakout rally fails to surpass the critical resistance at $1.35.
Tradingview
Creating a peak at $1.32, the overhead supply keeps the bullish growth under check. This results in a pullback, retesting the broken resistance trendline.
Falling under the R1 pivot level at $1.2526, the Cardano price is currently moving above the broken trendline. The current market price of Cardano is $1.16, with a 1.67% drop in the past 4 hours. This creates a bearish candle, completing an evening star. This increases the chances of
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