Cardano (ADA) Price Analysis for December 23
Analysis
Price Impact
MedCardano (ada) has dropped by 3.18%, breaking key support levels. further declines are expected if current support at $0.3607 and $0.35 fails.
Trustworthiness
HighAnalysis is based on technical indicators across multiple timeframes (hourly, longer, midterm) with specific price targets and support/resistance levels.
Price Direction
BearishAda is showing a clear bearish trend, with a 3.18% daily drop. a false breakout of resistance at $0.3809 and a test of support at $0.3607 suggest further downside. if $0.35 is broken, a decline to $0.30 is anticipated by month-end.
Time Effect
LongThe bearish sentiment is expected to persist in the short term, with potential for continued decline to the $0.30 range until the end of the month if key support levels do not hold.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bears are dominating over bulls on the second day of the week, according to CoinStats . Advertisement ADA chart by CoinStats ADA/USD The rate of Cardano (ADA) has dropped by 3.18% since yesterday. Image by TradingView On the hourly chart, the price of ADA is near the local support of $0.3607. If buyers cannot seize the initiative and a bounce back does not happen, there is a high chance to see a test of the $0.3550 area soon. Image by TradingView On the longer time frame, the rate of ADA is going down after a false breakout of the resistance at $0.3809. You Might Also Like Mon, 12/22/2025 - 15:37 XRP Price Analysis for December 22 By Denys Serhiichuk If the situation does not change, one can expect a test of the $0.35 zone shortly. Image by TradingView From the midterm point of view, there are no reversal signals so far. If the weekly bar closes near or below the $0.35 zone, traders may witness an ongoing decline to the $0.30 range until the end of the month. ADA is trading at $0.3605 at press time. #Cardano Price Prediction