Thursday, February 2, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Cardano

Cardano (ADA) Struggles to Maintain Momentum After September All-Time High

by Crypto News
October 20, 2021
in Cardano
0
Cardano (ADA) Struggles to Maintain Momentum After September All-Time High
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Technical indicators for Cardano (ADA) present a bearish outlook. Except the $2.33 space is reclaimed, the development can’t be thought of bullish.

ADA has been falling since reaching an all-time excessive of $3.1 on Sept 2. To date, it has dropped to a low of $1.91, doing so on Sept 21. 

Related articles

Easy Ways To Recognise A Legit Cardano FIFA Betting Site

Easy Ways To Recognise A Legit Cardano FIFA Betting Site

November 28, 2022
Solana, Cardano, and Oryen are Three Must-Have Cryptos Before the 2023 Bull Run Starts

Solana, Cardano, and Oryen are Three Must-Have Cryptos Before the 2023 Bull Run Starts

November 28, 2022

Whereas the token has moved barely upwards since, it’s nonetheless buying and selling under the $2.33 resistance space. This space is essential, because it beforehand acted because the all-time excessive resistance in Could.

After the Aug breakout, the world was anticipated to behave as assist. Nevertheless, it didn’t do this, since ADA broke down under it. 

Technical indicators are additionally bearish. 

The MACD, which is created by a short- and a long-term shifting common (MA), is adverse and lowering. Which means that the short-term development is slower than the long-term one. 

The RSI, which is a momentum indicator, is under 50. That is additionally an indication of a bearish development. 

Lastly, the Supertrend is bearish (pink line). The indicator is created by utilizing absolute excessive and low costs. Since ADA is under it, the development is taken into account bearish. 

The earlier time the road was bearish, a roughly two months lower transpired, by which ADA decreased from $2.5 to $1.

Subsequently, until ADA manages to reclaim this space, the development can’t be thought of bullish.

Chart By TradingView

ADA/BTC

Cryptocurrency dealer @CryptoCapo_ outlined an ADA/BTC chart, stating that the token is prone to lower in the direction of 3100 satoshis.

Source: Twitter

The ADA/BTC pair is extra bullish than its USD counterpart. 

The token has damaged down from an ascending assist line that has been in place since 2021. Beforehand, the road initiated two bounces (inexperienced icons). 

The truth that the road had been in place for the whole thing of the upward motion and has now been damaged is a really bearish improvement. 

Moreover, the MACD and RSI present bearish readings much like the USD pair. The MACD is bearish and lowering, whereas the RSI has fallen under 30. The latter exhibits even worse momentum than the RSI for ADA/USD, which has simply fallen under 50.

The closest assist space is at 3,100 satoshis.

Chart By TradingView

For BeInCrypto’s newest Bitcoin (BTC) evaluation, click here.

Disclaimer


All the knowledge contained on our web site is revealed in good religion and for common info functions solely. Any motion the reader takes upon the knowledge discovered on our web site is strictly at their very own threat.





Source link

Share76Tweet47

Related Posts

Easy Ways To Recognise A Legit Cardano FIFA Betting Site

Easy Ways To Recognise A Legit Cardano FIFA Betting Site

by Crypto News
November 28, 2022
0

Qatar will host the 2022 FIFA World Cup starting on November 21, and lots of followers are enthusiastic about...

Solana, Cardano, and Oryen are Three Must-Have Cryptos Before the 2023 Bull Run Starts

Solana, Cardano, and Oryen are Three Must-Have Cryptos Before the 2023 Bull Run Starts

by Crypto News
November 28, 2022
0

Should you carefully comply with the crypto market tendencies, you understand that 2023 might be a bullish yr for...

What’s Next For Cardano Price As It Auctions At $0.31?

What’s Next For Cardano Price As It Auctions At $0.31?

by Crypto News
November 28, 2022
0

The Cardano worth continues to endure a downtrend all through the month of November. Over the past 24 hours,...

Ethereum-Based Altcoin Explodes 750% in Just Two Months, Outrunning Bitcoin and Crypto Markets

Charles Hoskinson Says Failed Cardano Stablecoin Project a Total Loss on Investment, ‘Utterly Distasteful’

by Crypto News
November 28, 2022
0

Ethereum (ETH) co-founder Charles Hoskinson is addressing the difficulty regarding Ardana, a Cardano-based stablecoin undertaking that not too long...

Cardano (ADA) Hits New Milestone as Native Tokens Reach 7 Million

Cardano (ADA) Hits New Milestone as Native Tokens Reach 7 Million

by Crypto News
November 27, 2022
0

Tomiwabold Olajide Cardano has now surpassed earlier milestone reached in native tokens minted The Cardano blockchain has reached a...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Full Explanation (XRP) Ripple Coin 2017  in Hindi/Urdu

Full Explanation (XRP) Ripple Coin 2017 in Hindi/Urdu

February 1, 2023
Ethereum live Analysis #ethereum #ethereumlive #eth  #crypto #shorts

Ethereum live Analysis #ethereum #ethereumlive #eth #crypto #shorts

February 1, 2023
How to register an ALTCOIN TRADER account – Part 1

How to register an ALTCOIN TRADER account – Part 1

February 1, 2023
CRYPTO : QUELLE STRATÉGIE SUR LES ALTCOINS ✔️ ?! OPTIMISE TES GAINS! BITCOIN POURSUIT SA HAUSSE ! 🔥

CRYPTO : QUELLE STRATÉGIE SUR LES ALTCOINS ✔️ ?! OPTIMISE TES GAINS! BITCOIN POURSUIT SA HAUSSE ! 🔥

February 1, 2023

Recent News

Full Explanation (XRP) Ripple Coin 2017  in Hindi/Urdu

Full Explanation (XRP) Ripple Coin 2017 in Hindi/Urdu

February 1, 2023
Ethereum live Analysis #ethereum #ethereumlive #eth  #crypto #shorts

Ethereum live Analysis #ethereum #ethereumlive #eth #crypto #shorts

February 1, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News