Cardano

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The market is neither bullish nor bearish today, as some coins keep trading in the red zone, while <a href="https://u.today/doge-and-bnb-price-analysis-for-december-11" rel="noopener noreferrer nofollow">others</a> are trying to rise. <img data-entity-type="file" data-entity-uuid="5a1acbe7-e981-4609-8a5b-b8ac8eea4e98" src="https://u.today/sites/default/files/inline-images/top10_827.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
Cardano (ADA) is one of the biggest gainers today, rocketing by almost 8%. <img data-entity-type="file" data-entity-uuid="2ea65b6f-ca2a-481d-a7d8-86c291d89d34" src="https://u.today/sites/default/files/inline-images/ada1_94.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's sharp growth, the rate of ADA continues looking bullish as the price has broken the local resistance level of $0.6017.&nbsp;
If the daily candle closes above that mark, the ongoing rise may continue to the $0.62 area. <img data-entity-type="file" data-entity-uuid="9006aad7-d116-4b85-8007-1c73ae3cad3d" src="https://u.today/sites/default/files/inline-images/ada2_92.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the fall has not continued after yesterday's bearish bar. However, buyers need to fix above $0.6474 for a further upward move. Only in that case, there is a possibility to see a a test of the $0.70 zone. <img data-entity-type="file" data-entity-uuid="a63efcda-8071-4356-8df9-513ff7e05ad7" src="https://u.today/sites/default/files/inline-images/ada3_83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a>
The rate of ADA is also bullish on the daily chart against BTC. If the bar breaks the $0.00001467 level, the rise is likely to lead to the test of the $0.000015-0.000016 area soon.
ADA is trading at $0.6060 at press time.

Cardano (ADA) Price Analysis for December 12

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