The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Cardano, Polkadot, Ethereum Classic Price Analysis: 24 November

by Miki 11/24/2021
by Miki 11/24/2021 0 comment

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. 

Cardano (ADA)

TradingView, ADA/USDT

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.

Polkadot (DOT)

TradingView, DOT/USDT

Since 30 September, DOT undertook a steady uptrend as the price moved along the parallel channel (white). Accordingly, it more than doubled its value over the next 35 days to poke its ATH at $55.09 on 4 November. 

Since then, DOT bears took over as the price saw a nearly 31% retracement until it touched its five-week low on 18 November. Over the past two weeks, the bears exhibited sustained pressure as the price fell below its 4-hour 20-50-200 SMA.

+While bears ensured resistance at the $43-mark, they successfully pushed below the $39-mark (immediate resistance). Consequently, DOT traded at $39.24 at press time. The near-term technicals confirmed analysis by choosing the bearish side.

The RSI was southbound and stood at the 42-mark. Additionally, the DMI and AO also displayed an advantage for the bears. However, the ADX flashed a weak directional trend. 

Ethereum Classic (ETC)

TradingView, ETC/USDT

After traversing sideways for over 25 days of October and reaching a downward milestone, ETC bulls triggered an upturn. The alt grew by 39.6% to poke its ten-week high on 9 November.

Since then, the bulls lost their edge as the price declined in a down channel (parallel, white). During this pullback, price action formed a descending triangle (green), visibly depicting a powerful bearish influence. After which, the price downturned by 28.67% from 9 November to touch its three-week low on 18 November.

The bulls will need increased momentum to breach the $51.5-mark (immediate resistance). At press time, ETC traded at $48.22. The RSI stood below the midline and skewed in favor of bears. Also, AO and DMI continue to display a bearish preference.

Source link

Views: 5
AnalysisCardanoClassicEthereumNovemberPolkadotprice
Share
0
FacebookTwitterPinterestEmail
previous post
Regal Cinemas Mirrors AMC As It Accepts Dogecoin, Others For Tickets & Concessions
next post
There’s over $4.2 billion locked in Ethereum layer-2 protocols

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Sure bitcoin’s crashing however now you can purchase “bitcoin pizza” with . . .  {dollars}

  • Amazon Gains Amid Talk Of Digital Currency Foray, Cryptos Jump By Investing.com

  • Bitcoin Takes Pause On Futures, Is BTC Clear For Take Off?

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,978.001.80%
  • ethereumEthereum(ETH)$2,009.531.57%
  • tetherTether(USDT)$1.00-0.05%
  • binancecoinBNB(BNB)$317.301.86%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.4171560.39%
  • Binance USDBinance USD(BUSD)$1.00-0.20%
  • cardanoCardano(ADA)$0.540.57%
  • SolanaSolana(SOL)$51.542.76%
  • dogecoinDogecoin(DOGE)$0.0852530.34%
  • polkadotPolkadot(DOT)$10.041.45%
  • AvalancheAvalanche(AVAX)$31.324.71%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,944.001.65%
  • Lido Staked EtherLido Staked Ether(STETH)$1,959.231.63%
  • tronTRON(TRX)$0.0767003.68%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.0000120.06%
  • daiDai(DAI)$1.000.06%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.311.83%
  • CronosCronos(CRO)$0.1929441.83%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.89-0.29%
  • matic-networkPolygon(MATIC)$0.661.57%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.173.49%
  • FTX TokenFTX Token(FTT)$30.451.05%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$197.362.21%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.263.09%