Posted 12/15/2023, 1:30:00 PM
Cardano Price Soars to New Highs, But Correction May Be On Horizon
- Cardano (ADA) price has increased swiftly since October, reaching a new yearly high on December 13
- ADA is on track to achieve its ninth consecutive bullish weekly candlestick
- Weekly RSI is in overbought territory, which previously preceded ADA reaching its all-time high
- Wave count suggests ADA may complete corrective wave four around $0.50, a 20% decrease
- If ADA moves above $0.70, wave three could extend further to $0.88, a 40% increase