Cardano Price Analysis — November 29

As mentioned earlier, ADA has remained in a steep bearish bias ever since it clocked $3.160 in early September. The sixth-largest cryptocurrency hit a multi-month low of $1.417 yesterday but has rebounded near the $1.600 mark as it remains under intense uncertainty. That said, with the minor bullish comeback across the broader market, we could see a slight bullish continuation/pullback from yesterday’s rebound towards the 200 SMA area at $1.876 over the coming days.

Meanwhile, our resistance levels are $1.650, $1.700, and $1.780, and our support levels are $1.550, $1.500, and $1.445.

Total Market Capitalization: $2.56 trillion

Cardano Market Capitalization: $52 billion

Cardano Dominance: 2.03%

Market Rank: #6