{"id":205721,"date":"2021-12-09T02:00:23","date_gmt":"2021-12-08T20:30:23","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=205721"},"modified":"2021-12-08T20:14:13","modified_gmt":"2021-12-08T14:44:13","slug":"cardano-dogecoin-avalanche-price-analysis-8-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-dogecoin-avalanche-price-analysis-8-december\/","title":{"rendered":"Cardano, Dogecoin, Avalanche Price Analysis: 8 December"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">As the broader trend swayed in favor of the sellers, the crypto market was in red in the last 24 hours. As a result, Dogecoin and Avalanche formed bearish patterns on their charts.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Near-term technicals of Cardano, Dogecoin, and Avalanche depicted a bearish bias while projecting the recent bullish recovery.\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Cardano (ADA)<\/span><\/strong><\/p>\n<figure id=\"attachment_205723\" aria-describedby=\"caption-attachment-205723\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42.png\"><img decoding=\"async\" class=\"wp-image-205723 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-08_18-36-42-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-205723\" class=\"wp-caption-text\">Source: TradingView, ADA\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">With the recent movements, ADA marked a falling wedge (white) that hinted at a possible near-term trend reversal. <\/span><span data-preserver-spaces=\"true\">After touching its monthly milestone on 9 November, the alt steadily declined and lost nearly half its value as the price poked its 19-week low on 3 December. As a result, the price action broke down below the 16-week resistance at the $1.4-mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even after a double-bottom, the bulls failed to uphold the perception of ADA&#8217;s value. Thus, ADA traded below its 50-200\u00a0<\/span><strong><span data-preserver-spaces=\"true\">SMA\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">at $1.384 at press time.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">slightly preferred the bears but showed promising revival signs. Although the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">depicted a bearish bias, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">AO\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">flashed a green sign and hinted at its decreasing strength. As a consequence, the price moved above its 20-SMA (red).<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Dogecoin (DOGE)<\/span><\/strong><\/p>\n<figure id=\"attachment_205725\" aria-describedby=\"caption-attachment-205725\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34.png\"><img decoding=\"async\" class=\"wp-image-205725 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-08_19-09-34-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-205725\" class=\"wp-caption-text\">Source: TradingView, DOGE\/USD<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">DOGE accelerated its bearish trend as the price action plunged to poke its 33-week low on 3 December. <\/span><span data-preserver-spaces=\"true\">Over the past month, the alt has been steadily declining in a down-channel as it noted a 34.2% 30-day loss.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Gradually, DOGE bears snapped the four-month resistance at the 0.197-mark post an up-channel breakdown. <\/span><span data-preserver-spaces=\"true\">Over the past four days, the meme coin formed a\u00a0<\/span><strong><span data-preserver-spaces=\"true\">bearish flag pattern\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">that could possibly add fuel to its bearish fire.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At press time, DOGE traded 75.9% below its ATH at $0.1758. The <\/span><strong><span data-preserver-spaces=\"true\">RSI<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0showed some revival signs but struggled to cross the midline. Also, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">preferred the sellers. Even so, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">AO<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0projected a near-term bullish revival.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Avalanche (AVAX)<\/span><\/strong><\/p>\n<figure id=\"attachment_205727\" aria-describedby=\"caption-attachment-205727\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16.png\"><img decoding=\"async\" class=\"wp-image-205727 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-08_19-30-16-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-205727\" class=\"wp-caption-text\">Source: TradingView, AVAX\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Despite a market-wide breakdown on 3 December, AVAX did not depart from its long-term bullish trend (since July).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since 12 October, AVAX witnessed enormous gains by steadily swinging up. The digital currency noted an over 180% 39-day ROI to touch its ATH on 21 November. Since then, the price fell back into the trend until an up-channel breakdown on 2 December.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The alt saw a 26.1% loss over the past week and resonated with the broader market trend. This decline pushed the price below the $87.7 mark as the price poked its one-month low on 3 December. At press time, AVAX traded at $88.94.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">RSI<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0chose the bears but showed revival signs. The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">lines visibly signaled a bearish trend for a while. Like DOGE, AVAX too formed a\u00a0<\/span>bearish flag pattern<span data-preserver-spaces=\"true\">. The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">MACD<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0projected the recent recovery attempt but the histogram slightly diminished as it approached the zero line.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the broader trend swayed in favor of the sellers, the crypto market was in red in the last 24 hours. As a result, Dogecoin and Avalanche formed bearish patterns on their charts. Near-term technicals of Cardano, Dogecoin, and Avalanche depicted a bearish bias while projecting the recent bullish recovery.\u00a0 Cardano (ADA) With the recent<a href=\"https:\/\/ambcrypto.com\/cardano-dogecoin-avalanche-price-analysis-8-december\/\">Continue reading <span class=\"sr-only\">&#8220;Cardano, Dogecoin, Avalanche Price Analysis: 8 December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":205730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-205721","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cardano, Dogecoin, Avalanche Price Analysis: 8 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"As the broader trend swayed in favor of the sellers, the crypto market was in red in the last 24 hours. 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