Cardano (ADA) price prediction for December 17, 2024 shows interesting potential! 🚀 Although ADA is currently experiencing price consolidation, data from Santiment reveals a surge in whale activity on the Cardano network, with 687 transactions worth over $1 million in the last 24 hours. 🐋 This could be a sign of upcoming upward momentum.
However, ADA is also forming a bearish head and shoulders pattern, although this pattern has not fully formed. 📉 Currently, ADA price is stuck in a range between $1.07 and $1.14. If ADA manages to break out and close above $1.14, this bearish pattern could be invalidated, and the price could surge by 43% towards $1.63! 🌟
Conversely, if the price falls below $1, the bearish pattern will be confirmed, and ADA could fall by 24% to $0.78. 😬 However, support from the rising trendline still provides hope.
ADA's Relative Strength Index (RSI) indicator is currently at 52, indicating that there is still room for upside. 📊 Currently, ADA is trading around $1.07 and has decreased by 2.7% in the last 24 hours, but trading volume has increased by 50%, indicating growing interest from traders and investors.
So, stay tuned for ADA as there is a lot of potential ahead! 💪