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Market News ADA Price Prediction: Bulls to Target $0.263 or Face a Fall to $0.255

ADA Price Prediction: Bulls to Target $0.263 or Face a Fall to $0.255

ADA was flat this morning after a Saturday session that was range-bound. Today's pricing range for ADA is likely to be constrained by the absence of IOHK updates.

Cory Russell

2022-12-26

288

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At $0.259 at day's end on Saturday, ADA was unchanged. A range-bound session on Saturday came after a rise of 1.17% on Friday. Notably, ADA avoided the red for the third straight session and finished the day below $0.260 for the sixth straight day.

With the day off to a bullish start, ADA reached a high of $0.261 in the morning. However, ADA dropped to a low point in the late morning of $0.257 after failing to cross the First Major Resistance Level (R1) at $0.263. The First Major Support Level (S1) at $0.255 was avoided, and ADA returned to $0.260 before easing back.

Pre-Holiday session is quiet, leaving the ADA flat

On Saturday, there were no network updates from Input Output HK (IOHK) to provide guidance. Investors withdrew their support before IOHK released its next weekly progress report on January 13, which resulted in low trading volumes.