Cardano, Shiba Inu, VeChain Price Analysis: 07 December
As the recovery phase kicked in, the bulls triggered an upswing but could not match up the losses in the previous sell-off. While the broader bearish trend continued, the near-term technical indications of Cardano, Shiba Inu and VeChain hinted at a slim bullish revival.
Given the overall sentiment, the bulls could not gather enough volumes to signal a healthy trend in their favor.
TradingView, ADA/USDT
Over the past two days, ADA managed to form a double bottom on its 4-hour chart having the neckline at the $1.4-mark.
The alt performed quite poorly as it saw an ascending broadening wedge breakdown after hitting its one-month high on 9 November. Since then, ADA lost nearly half of its value as the price poked its 19-week low on 3 December.
Afte
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