Prime XBT App
Prime XBT App
Download and Trade Now!

Daily Technical Analysis Research 12.12.2024 – Cryptocurrency (CARDANO) 

CARDANO (ADA/USD):

Cardona continues to climb, with the price showing a slight rejection near the previous internal high of approximately $1.30.

Daily Technical Analysis Research 12.12.2024 - Cryptocurrency (CARDANO)  - TQIZXXqq

A closer examination of the technicals reveals that the previous internal high, perfectly aligned with a resistance zone, held firm as the price moved into that area. If the price continues to decline, it will be interesting to observe how it reacts to this former resistance zone, which now aligns as a potential support level.

Daily Technical Analysis Research 12.12.2024 - Cryptocurrency (CARDANO)  - 41h6J9aB

 

 

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: The information provided does not constitute, in any way, a solicitation or inducement to buy or sell any of our products.
Any material presented under this section of our website is not intended and should not be considered investment research or investment advice. Any Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. The recipient acknowledges that he/she is solely responsible for any trading decisions taken.
Risk warning: Our products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. If you do not understand the risks involved, or if you have any questions regarding our products, you should seek independent financial and/or legal advice if necessary. Past performance of a financial product does not prejudge in any way their future performance.

Ready to put your insights into action?

Receive the latest news and stay informed.

Start Trading Start Trading
Start Trading

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.