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Cardano, Dogecoin, Avalanche Price Analysis: 8 December
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As the broader trend swayed in favor of the sellers, the crypto market was in red in the last 24 hours. As a result, Dogecoin and Avalanche formed bearish patterns on their charts.
Near-term technicals of Cardano, Dogecoin, and Avalanche depicted a bearish bias while projecting the recent bullish recovery.
Cardano (ADA)
Source: TradingView, ADA/USDT
With the recent movements, ADA marked a falling wedge (white) that hinted at a possible near-term trend reversal. After touching its monthly milestone on 9 November, the alt steadily declined and lost nearly half its value as the price poked its 19-week low on 3 December. As a result, the price action broke down below the 16-week resistance at the $1.4-mark.
Even after a double-bottom, the bulls
Read more on ambcrypto.comAbout this in other media
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