The post Cardano Price Prediction For December 9 appeared first on Coinpedia Fintech News
The current price action of ADA is still showing signs of consolidation, with no breakout to the upside yet. At the time of writing, ADA is trading slightly below the $1 mark and has drifted into the red zone. However, the coin has gained more than 12 percent in the last one week.
Currently, there is support between $0.83 and $1.16, with the most relevant support levels being $0.93 and $0.83. A drop below $0.83 would shift towards a larger correction taking place. At the moment, the market is primarily showing a sideways consolidation, and this is being respected by the micro support levels we’ve outlined.
Key Levels to Watch
If ADA breaks below the $1.11 level, which is also a Fibonacci support level, it would make it more likely that the market is forming a larger wave. For now, ADA remains in a consolidation phase, and while the price action might seem a bit dull, it could soon
We współpracy z: https://coinpedia.org/news/cardano-price-prediction-for-december-9/
