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Cardano, Chainlink, Tron Price Analysis: 10 December
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While the ADA, LINK, and TRX bulls were able to claw back to their long-term support levels, the onus fell on the market leader to change the broader sentiment.
Besides, Chainlink managed to cross the 38.2% Fibonacci resistance with a recent bullish push, but its near-term technicals (like Cardano) flashed a bearish bias.
Cardano (ADA)
Source: TradingView, ADA/USDT
The alt diligently backtracked after touching its one-month high on 9 November. Consequently, ADA saw a 42.7% 30-day and 23.9% weekly decline in its value. As a result, the price action broke out below the 16-week resistance at the $1.4-mark.
After poking its 19-week low on 3 December, ADA marked a bearish rising wedge on its 4-hour chart. Over the past day, ADA saw an expected
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