The month of November marked mixed feelings for the investors. Most cryptos attained their monthly milestones or ATH during this month, followed by a dynamic flip to the lower side.
Since the past two weeks, most cryptos have projected an overall bearish outlook. Accordingly, altcoins like Cardano, Polkadot and Ethereum Classic noted double-digit losses over the past two weeks.
Unlike most cryptos, ADA witnessed a steady pullout since early September itself. The crypto registered a 41.34% decline from 2 September until it touched its 11-week low on 27 October. After which, the bulls triggered an uptrend to hit its one-month high on 9 November.
However, they struggled to find their ground and counter the sell-off as the price further dipped by 28.68% from 9 to 23 November. Consequently, the price poked its 15-week low on 23 November. While the bears breached the immediate resistance at the $1.8-mark, the bulls failed to find their strength.
At press time, ADA was trading at $1.681. The RSI undeniably preferred the sellers by swaying near the oversold territory. Besides, a bullish divergence (yellow trendline) along the RSI and price action pointed at a possible near-term revival. On the other hand, AO and DMI continue to display a bearish preference.
Since 30 September, DOT undertook a steady uptrend as the price moved along the parallel channel (white). Accordingly, it more than…