The current price action of ADA is still showing signs of consolidation, with no breakout to the upside yet. At the time of writing, ADA is trading slightly below the $1 mark and has drifted into the red zone. However, the coin has gained more than 12 percent in the last one week.
Currently, there is support between $0.83 and $1.16, with the most relevant support levels being $0.93 and $0.83. A drop below $0.83 would shift towards a larger correction taking place. At the moment, the market is primarily showing a sideways consolidation, and this is being respected by the micro support levels we’ve outlined.
Key Levels to Watch
If ADA breaks below the $1.11 level, which is also a Fibonacci support level, it would make it more likely that the market is forming a larger wave. For now, ADA remains in a consolidation phase, and while the price action might seem a bit dull, it could soon break out of this sideways movement.
The most recent low of $1.16 from December 5th could be the key level to watch. Below that, the next support levels would be between $0.83 and $1.16, though it’s not guaranteed that ADA will dip all the way down to $0.83. Instead, if this assumption holds, the support may be found in the upper half of that range.
Next Target After a Breakout
The primary level to watch for an upside breakout is the trendline forming the triangle pattern. If ADA breaks above the $1.24–$1.25 range, this would signal a potential upward breakout. The next target after that would be the $1.42 level, with $1.72 as an important target. However, this scenario is contingent on whether the market confirms that we are indeed in a triangle pattern, as this is still not fully confirmed.
Source: https://coinpedia.org/news/cardano-price-prediction-for-december-9/