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Cardano: Price Analysis, December 1

ADA/USD

The sellers did not even wait for the recovery to reach the 20-day EMA before offloading their positions. Cardano can retest the recent lows of $0.033065 within the next few days. If the bears break the support and make a new year-to-date low, the drop can extend to $0.025954 levels.




ADA/USD





On the other hand, if the bulls manage to hold the support, the ADA/USD pair might start a bottoming process. A trend change will be indicated when the price makes a series of higher highs and higher lows. Until then, the bears are likely to pounce on any pullback.

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