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Cardano, The Sandbox, Avalanche Price Analysis: 21 December
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Bitcoin’s bounce from its low timeframe range lows has dragged the market upward in the past couple of days. Avalanche posted a strong recovery from its performance earlier this month when it saw some accumulation occur in the $80 region. Cardano formed a triangle pattern and could begin to move upward, following the market’s trend in the past two days. The Sandbox faced strong resistance at $5.3.
Source: ADA/USDT on TradingView
The $1.2 support level has been tested multiple times over the past two weeks. Along with the support, the price also made a series of lower highs and the price has not yet broken above the trendline resistance. This triangle pattern could see an ADA breakout in either direction, likely following Bitcoin.
There is a
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