Cardano

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Bulls keep <a href="https://u.today/doge-price-analysis-for-december-23">holding the initiative</a> on the last day of the week.
<img data-entity-type="file" data-entity-uuid="6d15dd74-0bf6-4ca2-b782-cbe2a8ee1235" src="https://u.today/sites/default/files/inline-images/top%600.png">Top coins by <a href="https://coinmarketcap.com/">CoinMarketCap</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) has increased by 2.24% since yesterday. Over the last week, the price has risen by 3.52%.
<img data-entity-type="file" data-entity-uuid="1e0f395f-7449-4b92-b76a-cfb437914b3c" src="https://u.today/sites/default/files/inline-images/ada1_97.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD">TradingView</a>
On the hourly chart, the price of ADA is looking bullish as it is on the way to testing the local resistance of $0.6239.
If the daily bar closes around that mark, there is a chance of a breakout to the $0.64 zone soon.
<img data-entity-type="file" data-entity-uuid="00728495-533f-4285-a1fd-593ca76512d5" src="https://u.today/sites/default/files/inline-images/ada2_94.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD">TradingView</a>
On the daily time frame, the rate of ADA is trading sideways as neither side has accumulated enough strength for a further move. This statement is also confirmed by the low volume. All in all, consolidation in the area of $0.60-$0.65 is the more likely scenario for the next few days.
<img data-entity-type="file" data-entity-uuid="1a7cea8e-bc12-4bd4-860a-f28d668cd26b" src="https://u.today/sites/default/files/inline-images/ada3_85.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD">TradingView</a>
From the midterm point of view, the price of ADA is returning to the resistance level of $0.6474. If buyers can hold the gained initiative, traders are likely to see a test of the $0.70-$0.75 area soon.
ADA is trading at $0.6202 at press time.

Cardano (ADA) Price Analysis for December 24

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