Cardano, XRP, EOS Price Analysis: 17 November
After a bullish rally, the crypto-market demonstrated volatility and dynamically flipped on the lower side.
As the bears continually gathered force, altcoins like Cardano, XRP, and EOS registered double-digit losses on their weekly charts.
Cardano (ADA)
Source: TradingView, ADA/USDT
After striking its ATH on 2 September, ADA has steadily oscillated in a downtrend as the bulls failed to counter the sustained selling pressure. Until 8 November, the token continually slackened while it got flipped by Solana. After the same, the bulls triggered an uptrend to hit a one-month high.
However, they struggled to sustain this rally as the price dipped by 25.6% from 9 to 16 November. As a result, the bears pushed the prices below the 4-hour 20-50-200 SMA.
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