Cardano, NEAR, EOS Price Analysis: 11 January

While altering the broader sentiment may be a long shot for the bulls, the near-term technical indicators of Cardano and EOS revealed decreasing bearish influence. Both these cryptos poked their multi-weekly lows on 10 January while Cardano managed to form an ascending triangle on Its RSI.

Contrarily, EOS yet again eyed to retest its ATH level after flashing a bullish bias.

Cardano (ADA)

TradingView, ADA/USDT

ADA reversed its recovery window and took a downturn from the $1.59-mark resistance level. As a result, it saw a 32.84% retracement (from 27 December high) until it poked its six-month low on 10 January. 

The recent down-channel (white) on its 4-hour chart flipped the vital $1.2-mark from support to resistance. The 20-EMA (dark yellow) ribbon stood as a strong hurdle for the past 11 days. Now, it may test the $1.12 mark before committing to a trend.

At press time, ADA traded 63% below its ATH at $1.142. The RSI saw higher troughs while maintaining steady peaks, forming an ascending triangle. This trajectory hinted at increasing buying power. Also, the AO

Near Protocol (NEAR)

TradingView, NEAR/USDT

After an inverse head and shoulder on its RSI, NEAR marked exponential gains by forming a bullish flag and pole on its 4-hour chart. It saw an exceptional 113.21% ROI (from 20 December low) to poke its ATH at $17.664 on 4 January.

As the down-channel oscillation halted at the $13.2-mark support, NEAR yet again marked a rally as it eyed to retest its ATH level. Now, as it breached the $16.4-level resistance (now support) the alt showed no signs of slowing.

At press time, the alt traded at $16.523. The RSI seemingly found support at the 59-mark after pointing north. However, it becomes crucial to note that the OBV could not spike up to its previous levels at the same price point. 

EOS

TradingView, EOS/USDT

With a 19.9% retracement (from 5 January), EOS poked its five-week low on 10 January. It flipped the vital $2.9-mark support to resistance over the past few days.

The digital currency marked a down-channel (white) on its 4-hour chart. Now, the 20-SMA (red) stood as a strong hurdle for the bulls to topple. Also, the $2.6-level stood extremely important for EOS to uphold to prevent a further meltdown.

At press time, EOS was trading at $2.739. The RSI marked higher troughs and formed a bullish divergence with the price. However, the Squeeze momentum indicator flashed black dots and hinted at a low volatility phase.