Cardano Price Analysis for Today (December 1, 2024)

The current price of Cardano ($ADA ) is $1.05, with a price decrease of -2.05% in the last 24 hours. Currently, ADA is available on 62 exchanges, and in the last 24 hours, 1,757,903,901 ADA coins have been exchanged, amounting to $1,853,011,769 in trading volume.

Today, Cardano (ADA) opened at $1.08. This is -2.13% lower than the opening price. Despite a rally to $1.08, Cardano (ADA) faced resistance and failed to maintain momentum for a move higher. ADA has more than a 202.10% gain compared to the price from last month. From the maximum price over the last 30 and 7 days, its value has decreased by -7.65%, while from the minimum recorded price over the same period, it has increased by 228.38% and 20.09%.

According to our analysis, ADA needs to stay above $1.00 to potentially move towards the first significant resistance level at $1.08. A breakout above $1.08 could lead to an increase in ADA to the next resistance level at $1.16. The third resistance is at $1.23.

If the price falls, the first support level to watch will be $1.00. If this level does not hold, further declines may occur to the next support level at $0.8786. $Shib $doge