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Cardano, Solana, Tron Price Analysis: 16 December
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Over the past day, Cardano and Solana led the recovery phase by bagging double-digit gains, at press time. On the other hand, Tron remained below the $0.089 level while flashing weak technicals.
Cardano (ADA)
Source: TradingView, ADA/USDT
ADA halted its bearish streak after a descending triangle breakout on its 4-hour chart over the past day. The altcoin saw a nearly 10% jump over the past day.
After a 13.05% breakdown from the rising wedge, the price action steeply plunged to poke the $1.19-mark on 11 December. The bulls retested the $1.26-mark (20-week resistance) four times before initiating a breakout.
At press time, ADA traded at $1.327. The RSI exhibited a bullish inclination and seemed to head north. Further, the DMI implied a buyer’s
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