The article discusses the current market trends for various cryptocurrencies, including Cardano (ADA), Shiba Inu (SHIB), Chainlink (LINK), Avalanche (AVAX), Dogecoin (DOGE), and more. Here’s a summary of the analysis:

1. Cardano (ADA): The price has slipped below the 20-day EMA ($1.05), indicating that bulls are rushing to exit. A possible range-bound action is expected in the near term, with sellers trying to pull the price to $0.90.
2. Shiba Inu (SHIB): The price failed to push above the 20-day EMA ($0.000027) on Dec 16, attracting selling by bears. The SHIB/USDT pair has been pulled to the 50-day SMA ($0.000025), which is a crucial support.
3. Chainlink (LINK): The price is correcting in an uptrend, suggesting that short-term buyers are booking profits. A negative divergence on the RSI suggests weakening bullish momentum. If the price sustains below $27.41, the LINK/USDT pair could slump to the 20-day EMA ($24.85).
4. Avalanche (AVAX): The price has broken below the 20-day EMA ($47.71), indicating a lack of demand from bulls. If the price sustains below the 20-day EMA, the AVAX/USDT pair could drop to the 50-day SMA ($39.52).
5. Dogecoin (DOGE): The bears did not allow DOGE to remain above the 20-day EMA ($0.40) on Dec 16, which may have tempted short-term buyers to book profits. The price has been pulled toward the 50-day SMA ($0.35), a critical near-term support.
6. Cardano (ADA): The price is expected to face strong selling at the 20-day EMA if it turns down from $1.05. A break below this level may sink the pair to the breakout level of $0.90.

It’s essential to note that this analysis is based on historical data and does not guarantee future performance. Each investment and trading move involves risk, and readers should conduct their own research before making a decision.

Here are some key points to consider:

• The current market trends suggest that bulls are losing their grip in several cryptocurrencies.
• Range-bound action may be expected in the near term for Cardano (ADA) and Chainlink (LINK).
• Sellers are likely to pull prices down if they sustain below specific levels, such as $0.90 for ADA or $24.85 for LINK.
• Bulls will need to push and maintain prices above specific levels to strengthen their position.

Investors should exercise caution when making investment decisions based on this analysis. It’s crucial to conduct thorough research and consider multiple factors before investing in any cryptocurrency.