Cardano Price Analysis — December 24

That said, ADA now clings to the $1.445 line as bulls run out of steam ahead of Christmas celebrations. The cryptocurrency receives additional support from the 4-hour 200 SMA at the $1.445 line. ADA needs to hold this line over the coming days to jumpstart the bullish momentum again. Additionally, a break above the $1.500 barrier should cement a rebound above the mid-level of my descending channel, which should put the cryptocurrency back on track to $2.

Meanwhile, our resistance levels are $1.500, $1.550, and $1.600, and our support levels are $1.400, $1.350, and $1.300.

Total Market Capitalization: $2.37 trillion

Cardano Market Capitalization: $48.3 billion

Cardano Dominance: 2.03%

Market Rank: #6