Cardano, Shiba Inu, IOTA Price Analysis: 15 December
As the broader market continues its steady slump, Shiba Inu and IOTA see a breakdown below the 61.8% Fibonacci level. Moreover, Cardano bears breached the crucial $1.26-mark while the near-term technicals for all these cryptos demonstrated a bearish bias.
Cardano (ADA)
Source: TradingView, ADA/USDT
ADA continued its bearish streak and formed a descending triangle on its 4-hour chart over the past five days. As the alt saw a 13.05% breakdown from the rising wedge, the price action steeply plunged to poke the $1.19-mark on 11 December.
The bears retested the $1.26-mark (20-week resistance) four times before sustaining the price below that level. Over the past two days, ADA bulls tried to test the above mark thrice but failed to surpass it. This
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