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Cardano, Shiba Inu, VeChain Price Analysis: 05 December
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The crypto market saw 24-hour gains after a marginal recovery over the past day. While the overall outlook remained bearish, Cardano, Shiba Inu and VeChain marked their multi-month lows on 3 December.
Needless to say, the bearish preference of the near-term technical indicators after the bears breached multi-week supports may gain a long-drawn advantage.
TradingView, ADA/USDT
The altcoin has performed quite loosely after striking its ATH in early September. ADA dipped in a firm down-channel after hitting its one-month high on 9 November. Since then, the sell-off phase led to a price fall of over 49.9% as the price poked its 19-week low on 3 December.
ADA bullsretested the resistance at the $1.62-mark thrice until they eventually breached it
Read more on ambcrypto.comAbout this in other media
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