Here are the articles with a summary and a brief analysis:
1. Dogecoin (DOGE) Price Analysis
- Summary: DOGE plummeted below the 50-day SMA ($0.35) on Dec. 19, indicating that bears are back in the game.
- Analysis: The long tail on the Dec. 20 candlestick shows that bulls are trying to arrest the decline at the 61.8% Fibonacci retracement level of $0.27.
2. Cardano (ADA) Price Analysis
- Summary: ADA completed a bearish head-and-shoulders pattern when it fell below the neckline on Dec. 19.
- Analysis: The long tail on the Dec. 20 candlestick shows that bulls are trying to defend the breakout level at $0.80.
3. Avalanche (AVAX) Price Analysis
- Summary: AVAX selling accelerated after the price broke below the 20-day EMA ($45.64) on Dec. 18.
- Analysis: The AVAX/USDT pair has dipped below the 50-day SMA ($39.94), indicating that the breakout above $51 may have been a bull trap.
4. Chainlink (LINK) Price Analysis
- Summary: LINK turned down sharply on Dec. 18 and slipped below the $23 support on Dec. 20, indicating that buyers are rushing to the exit.
- Analysis: The 50-day SMA ($18.82) is the crucial support to watch out for in the short term.
5. Toncoin (TON) Price Analysis
- Summary: TON broke below the 50-day SMA ($5.80) on Dec. 18 and reached the $4.72 to $4.44 support zone on Dec. 20.
- Analysis: The 20-day EMA ($5.99) has been turned down, and the RSI is in the negative zone, signaling that bears have the upper hand.
6. Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Toncoin (TON) Price Analysis
- Summary: All five cryptocurrencies are experiencing bearish trends, with prices plummeting below key support levels.
- Analysis: The long tails on the Dec. 20 candlesticks suggest that bulls are trying to defend specific levels, but the overall trend remains negative.
7. Related Articles
- Why is Ethereum (ETH) price down today?
- Summary: Ethereum’s price has been experiencing a decline due to various factors.
- Analysis: The article provides insights into the reasons behind Ethereum’s price drop and suggests potential investment opportunities.
