Cardano, Shiba Inu, EOS Price Analysis: 10 November
As the broader market displayed an increased bullish influence over the past few days, altcoins like Cardano and EOS performed well. They reached their four and seven week highs, respectively, whereas their near-term technicals suggest a decreasing buying momentum.
On the other hand, Shiba Inu registered a decline on its daily charts and flashed a preference for the bears.
Cardano (ADA)
Source: TradingView, ADA/USDT
Since late September, ADA oscillated sideways and consolidated within the bounds of its immediate resistance and support points. As the bears exerted immense pressure, they breached its support of $2.086 on 27 October. Consequently, the crypto touched its eleven-week low at $1.804.
Until 8 November, ADA did not perform well while it
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