Cardano (ADA) has had a rough few weeks, and the selling pressure hasn’t fully settled. Even so, ADA is back in the conversation after several developments around its governance, network stability, and the latest liquidation wave. The market has been shaky across all majors, and ADA has been pulled into the same volatility.

At writing, the ADA price continues to trade near the $0.38 range after heavy selling across the market. The drop followed a cluster of liquidations, a recent network outage, and renewed debate over long-standing Genesis ADA allocations. 

With everything that has played out, traders are now watching to see how ADA behaves in December.

The 4-hour chart has been drifting lower since mid-November. ADA dropped from the $0.95 area earlier this year and has just kept slipping, making smaller highs and lower lows along the way. The sharp wick toward $0.27 last month shows how fragile liquidity has been.

ADA is still trading below its short-term EMAs, which continue to slope downward. This keeps the bearish structure intact. 

For any real recovery to begin, the ADA price must reclaim the $0.426 level – the same area that acted as resistance after the network outage. Until then, the trend remains tilted to the downside.

Support for now sits near $0.36. If the price falls under $0.36, it could slide back toward the November bottom near $0.27. But if ADA can stay above $0.36, buyers at least have something to work with and can try to push the price higher later in the month.

The RSI is sitting on the lower end, showing the market is still weak but not yet deeply oversold. This leaves room for both continued downside or a short relief bounce. 

Open Interest dropped sharply during the liquidation cascade, reflecting how aggressively longs were wiped out. It has started to flatten out, but it hasn’t shown convincing recovery yet.

OBV continues to trend down, showing that spot demand has not returned. CCI is also in negative territory, strengthening the argument that sellers are still in control.

Until Open Interest picks up and OBV begins to rise, the ADA price is likely to remain in a cautious zone.

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December mostly depends on that $0.36 area. If ADA holds it and manages to climb back above $0.426, the move toward $0.45 becomes possible, and that would be the first sign that things are finally turning around.

If the ADA price fails to hold $0.36, the chart could break down toward $0.27 again. That area is extremely important because it marks the lowest point of the recent cascade. Losing that level would signal deeper weakness.

For now, ADA needs stability more than anything. The ecosystem is still dealing with the after-effects of the network outage, the liquidation storm, and the governance discussions around Genesis ADA. 

A period of calmer trading could set up a cleaner base and give the Cardano price a chance to recover in the second half of December.

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The post How High Cardano (ADA) Price Can Go In December? appeared first on CaptainAltcoin.

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