Cardano (ADA) Price Prediction Points To $0.75 In December

✍️ 7 December, 2023 - 14:09 👤 Editor: Jakub Motyka

• Analyst and trader Ali predicts that Cardano (ADA) could break through the $0.45 resistance and reach $0.75.
• ADA has briefly managed to break above $0.45 and is currently trading around $0.4488, showing bullish behavior similar to that seen between 2018 and 2020.
• The latest news about cryptos on our Telegram channel.

The popular analyst and trader Ali, known on the social network X under the name @ali_charts, has predicted that Cardano (ADA) could overcome the $0.45 resistance and potentially reach 0.75 dollars towards the end of December.

This prediction is based on the recent upward trajectory of ADA, which is reminiscent of its market behavior between 2018 and 2020. In the last 24 hours, ADA managed to overcome the resistance of 0.45 dollars, although it subsequently corrected slightly, trading around 0.4488 dollars, according to data from CoinMarketCap.

#Cardano is on track! ✅$ADA price movement is echoing its 2018-2020 trajectory, minus the COVID-19 downturn. If this pattern holds, we could see #ADA punching through the $0.45 resistance soon.

What's next? A potential rally to $0.75 by late December! https://t.co/aJ05l0sx3P pic.twitter.com/GJOPU6TfM7

— Ali (@ali_charts) December 7, 2023

This forecast for Cardano (ADA) suggests that its recent price behavior is following a similar trajectory to that seen between 2018 and 2020, but without the drop caused by COVID-19. If this trend continues, ADA could soon surpass the resistance at $0.45.

This change in ADA's trend is reinforced by the behavior of the cryptocurrency market leaders, Bitcoin (BTC) and Ethereum (ETH), both in the last 24 hours and in the last seven days. Hand in hand with the recent euphoria around exchange-traded funds (ETF) that have boosted the values of BTC and ETH, ADA has managed to stand out with an increase of 18.74% in the last week, being the second biggest weekly gainer after Avalanche (AVAX).

Why Should You Be Interested In The Price Rise Of Cardano (ADA) And The Forecast For Its Future

The Cardano (ADA) price forecast focuses on the prediction of analyst Ali, who suggests that ADA could reach $0.75, based on its recent outperformance of Bitcoin (BTC) and Ethereum (ETH). This projection is supported by ADA's ability to overcome the $0.45 resistance and its recent rise of 18.74% in one week.

This forecast on Cardano (ADA) might interest you if you own ADA tokens or are interested in the project, as it offers insight into its growth potential in the future. short term. The possibility of ADA reaching $0.75, outperforming BTC and ETH, could influence your investment decisions, whether to maintain, increase or diversify your ADA portfolio. Furthermore, an increase in the price of ADA reflects positively on the health and development of the Cardano project in general.