Bitcoin
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$64,233.00 -2.19755
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$3,184.32 -7.20994
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BNB
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$562.26 -3.28175
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$172.06 -0.31347
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$0.6014250 0.52426
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$0.0000162 -4.27516
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$0.0000119 -1.5297
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$0.0000268 -3.78353
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Bitcoin (BTC)
$64,233.00 -2.19755
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Ethereum
Ethereum (ETH)
$3,184.32 -7.20994
Ethereum price
BNB
BNB (BNB)
$562.26 -3.28175
BNB price
Solana
Solana (SOL)
$172.06 -0.31347
Solana price
XRP
XRP (XRP)
$0.6014250 0.52426
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000162 -4.27516
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 -1.5297
Pepe price
Bonk
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$0.0000268 -3.78353
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Bitcoin
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$64,233.00 -2.19755
Bitcoin price
Ethereum
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$3,184.32 -7.20994
Ethereum price
BNB
BNB (BNB)
$562.26 -3.28175
BNB price
Solana
Solana (SOL)
$172.06 -0.31347
Solana price
XRP
XRP (XRP)
$0.6014250 0.52426
XRP price
Shiba Inu
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$0.0000162 -4.27516
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 -1.5297
Pepe price
Bonk
Bonk (BONK)
$0.0000268 -3.78353
Bonk price
Bitcoin
Bitcoin (BTC)
$64,233.00 -2.19755
Bitcoin price
Ethereum
Ethereum (ETH)
$3,184.32 -7.20994
Ethereum price
BNB
BNB (BNB)
$562.26 -3.28175
BNB price
Solana
Solana (SOL)
$172.06 -0.31347
Solana price
XRP
XRP (XRP)
$0.6014250 0.52426
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000162 -4.27516
Shiba Inu price
Pepe
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$0.0000119 -1.5297
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Bonk
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$0.0000268 -3.78353
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Analyst expects fall in Cardano price

analyst-expects-fall-in-cardano-price
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Markets
Analyst expects fall in Cardano price

One analyst notes upward momentum in ADA’s price but remains skeptical about a sustained uptrend, citing a lack of evidence in recent green candles.

The cryptocurrency analyst behind More Crypto Online’s YouTube channel released a new analysis video on Dec. 19, updating his price outlook for Cardano (ADA) token.

The report follows a recent analysis by Austin Hilton suggesting that Cardano’s price action is tracking the overall crypto market weakness seen in Bitcoin.

The analyst notes that ADA recently showed upward momentum with a “green candle” on the price chart.

However, he says this does not necessarily indicate the start of a sustained uptrend. “I see no evidence they have tops,” the analyst says regarding the latest green candles.

The More Crypto Online host lays out two potential short-term scenarios. In one short-term bullish scenario, ADA’s price forms an ABC corrective pattern after a preceding downtrend. This would involve the price bouncing to around $0.72 before likely resuming the downtrend per the analyst’s overall bearish outlook.

In an alternative “short-term bearish scenario,” the analyst sees a more complex WXY pattern playing out. This would result in the price dropping from current levels rather than rallying up to $0.72.

Importantly, the analyst stresses that neither scenario changes his view that ADA remains in a larger-degree corrective fourth wave after the preceding bull run. He is still anticipating lower prices over the medium term, potentially down to the $0.50 or $0.39 level.

According to the analyst, traders should watch the 54.3 to 54.4 cent level as key support. A decisive break below this level would confirm the start of another downward leg. Until then, the short-term trend may tilt upward but remain choppy based on the ambiguous price structures.