{"id":207229,"date":"2021-12-16T21:30:37","date_gmt":"2021-12-16T16:00:37","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=207229"},"modified":"2021-12-16T18:51:17","modified_gmt":"2021-12-16T13:21:17","slug":"cardano-solana-tron-price-analysis-16-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-solana-tron-price-analysis-16-december\/","title":{"rendered":"Cardano, Solana, Tron Price Analysis: 16 December"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Over the past day, Cardano and Solana led the recovery phase by bagging double-digit gains, at press time. On the other hand, Tron remained below the $0.089 level while flashing weak technicals.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Cardano (ADA)<\/span><\/strong><\/p>\n<figure id=\"attachment_207233\" aria-describedby=\"caption-attachment-207233\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33.png\"><img decoding=\"async\" class=\"wp-image-207233 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ADAUSDT_2021-12-16_17-19-33-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-207233\" class=\"wp-caption-text\">Source: TradingView, ADA\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">ADA halted its bearish streak after a descending triangle breakout on its 4-hour chart over the past day. The altcoin saw a nearly 10% jump over the past day.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After a 13.05% breakdown from the rising wedge, the price action steeply plunged to poke the $1.19-mark on 11 December.\u00a0<\/span><span data-preserver-spaces=\"true\">The bulls retested the $1.26-mark (20-week resistance) four times before initiating a breakout.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At press time, ADA traded at $1.327. The <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">exhibited a bullish inclination and seemed to head north. Further, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">implied a buyer&#8217;s market but flashed a weak directional trend. The recent bullish move pushed the price above the 20-50\u00a0<\/span><strong><span data-preserver-spaces=\"true\">EMA\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">while ADA looked at an immediate resistance at the $1.4-mark.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Solana (SOL)<\/span><\/strong><\/p>\n<figure id=\"attachment_207234\" aria-describedby=\"caption-attachment-207234\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43.png\"><img decoding=\"async\" class=\"wp-image-207234 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/SOLUSD_2021-12-16_17-43-43-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-207234\" class=\"wp-caption-text\">Source: TradingView, SOL\/USD<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">SOL bears increased the selling pressure over the last month as the alt touched its lifetime milestone on 6 November. As a result, the alt registered a 22.3% 30-day decline.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The alt plummeted by marking a down-channel (yellow). After which, it plummeted to poke its eight-week low on 13 December. <\/span><span data-preserver-spaces=\"true\">Over the past few days, the altcoin saw an 18% breakout from the\u00a0<\/span>descending broadening wedge\u00a0<span data-preserver-spaces=\"true\">after an up-channel (white) breakdown. <\/span><span data-preserver-spaces=\"true\">The bulls were quick to snap the immediate $181 support and now found resistance at the $192-mark.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At press time, SOL traded at $186.075. The <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">plunged toward the 65-region after preferring the bulls. Also, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">resonated with the bullish RSI readings.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Tron (TRX)<\/span><\/strong><\/p>\n<figure id=\"attachment_207236\" aria-describedby=\"caption-attachment-207236\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48.png\"><img decoding=\"async\" class=\"wp-image-207236 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/TRXUSDT_2021-12-16_17-57-48-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-207236\" class=\"wp-caption-text\">Source: TradingView, TRX\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">AS the bulls failed to uphold the ten-week resistance at the $0.0899-mark, TRX consolidated between the $0.082 and the aforestated mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">TRX price action saw a sharp plunge after poking its six-month high on 15 November. After falling in a descending channel (yellow), the alt further saw a breakdown to touch its 16-week low on 3 December. <\/span><span data-preserver-spaces=\"true\">Then, after forming a rising wedge, it witnessed an expected reversal from its bullish trajectory. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At press time, TRX traded at $0.08765 after noting a 1.25% gain on its daily chart. The <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">moved sideways near the midline after flashing neutral signs. Further, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">depicted a marginal bearish preference, but the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">ADX<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0displayed a weak directional trend.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past day, Cardano and Solana led the recovery phase by bagging double-digit gains, at press time. On the other hand, Tron remained below the $0.089 level while flashing weak technicals. Cardano (ADA) ADA halted its bearish streak after a descending triangle breakout on its 4-hour chart over the past day. The altcoin saw<a href=\"https:\/\/ambcrypto.com\/cardano-solana-tron-price-analysis-16-december\/\">Continue reading <span class=\"sr-only\">&#8220;Cardano, Solana, Tron Price Analysis: 16 December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":207237,"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-207229","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, Solana, Tron Price Analysis: 16 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Over the past day, Cardano and Solana led the recovery phase by bagging double-digit gains at press time. 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