While the crypto market cap has yet again hit a $2.6T-mark, altcoins like Cardano and Shiba Inu hit their weekly lows over the past three days. Their near-term technicals confirmed a bearish inclination but showed slight recovery signs.
On the contrary, MANA was on an uptrend since last week by registering over 48% weekly ROI.
Cardano (ADA)
Source: TradingView, ADA/USDT
Since early September, the alt registered a 41.34% decline until it hit its 11-week low on 27 October. After which, the bulls triggered an uptrend to hit its one-month high on 9 November.
However, they struggled to find their ground and counter the sell-off as the price further dipped by 28.28% from 9 to 18 November. Consequently, the price poked its 14-week low on 18 November.
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