Price Analysis of $ADA
The long wick in the candle of December 3rd for Cardano
€1.09
shows that the bears aggressively sold the rally above $1.25.
A positive sign for the bulls is that they have not ceded much ground to the bears. This suggests that buyers anticipate the upward movement to continue. If the price exceeds $1.33, the ADA/USDT pair could shoot up to $1.50.
On the contrary, if the price falls and breaks below $1.14, it will be a signal that the bulls are losing control. The pair could pull back to the 20-day exponential moving average (EMA) at $0.96, where bulls and bears are likely to face off in a tough battle.
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