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Polkadot, Binance Coin, Aave Price Analysis: 19 December
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Polkadot saw an expected dropdown from the 20-SMA level while it continued to flash bearish technical indications. AAVE saw an uptrend and managed to form a reversal pattern on the 4-hour timeframe. Moreover, Binance Coin flashed mixed signs after forming a bearish flag.
TradingView, DOT/USDT
DOT bears over-retraced its previous bull run in an up-channel (white) as the token lost its 16-week previous support at the $26-mark. The alt was down by over 54% since its ATH on 4 November.
The digital currency refrained from halting its aggressive decline as the bears endeavor to test the $24.31 support for the fourth time in 15 days. Thus, the Supertrend mostly wavered in the red zone. As mentioned previously, the buyers retested the 20-SMA (blue)
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