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18.12 - 16:33
Cardano, MATIC, The Sandbox Price Analysis: 3 December
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During November, most cryptos dipped to touch their multi-week support levels. The bulls, however, ensured those levels and attempted to trigger an upturn. Consequently, ADA and MATIC registered 24-hour gains.
Moreover, MATIC breached its long-term resistance to touch its six-month high on 3 December. On the other hand, The Sandbox flashed mixed signs.
Cardano (ADA)
Source: TradingView, ADA/USDT
After a firm down-channel decline for over 25 days, ADA finally broke out of the downtrend. The descending channel occurred after the price inclined in a rising wedge to hit its one-month high on 9 November.
This sell-off phase led to a price dip of over 35% (from 9 November) as the price poked its 16-week low on 28 November. After which, the price
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