After rising more than 30% in November, ADA may have reached a temporary peak.

Key Support levels: $0.35, $0.32

Key Resistance levels: $0.38

1. ADA’s Rally Pauses

The rally has been stopped by resistance at $0.38, leading to a return of sellers looking to profit from ADA’s strong performance this month.

Chart by TradingView

2. Expecting a Cooldown

If this pullback becomes a larger correction, Cardano could drop to key supports at $0.35 or even $0.32. However, a correction is normal after a rally like this.

Chart by TradingView

3. Bearish Divergence on RSI

The RSI shows a clear bearish divergence on the daily timeframe, suggesting a significant pullback before ADA can reach higher levels.

Chart by TradingView


The current bias for ADA is bearish.

Short-Term Prediction for ADA Price

The price could drop to $0.35 or lower before buyers show interest again. It may be best to wait for this correction to pass before making your next move.

### News source:

See also  Joshua Henslee Discusses Ruling on XRP and Recent BSV Price Action in Latest Video

By Team