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Cardano, XRP, Ethereum Classic Price Analysis: 1 December
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The past three days witnessed a bull attempt to revive from the steady pulldown since last month.
Accordingly, after hitting their multi-month lows on 28 November, Cardano, XRP, and Ethereum Classic have bounced from their long-term support levels.
Cardano (ADA)
Source: TradingView, ADA/USDT
ADA has been firmly declining for over four months now. After poking its 11-week low on 27 October, the bulls triggered an uptrend as the price inclined in a rising wedge to hit its one-month high on 9 November.
However, as the bulls failed to uphold ADA’s value, the ascending wedge breakdown transposed in a down-channel (yellow). This sell-off led to a price dip of over 40% (from 9 November) as the price poked its 16-week low on 28 November. After which,
Read more on ambcrypto.comAbout this in other media
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