Tag Archives: ADAUSD

ADA/USD – ADA Trades Inside Ascending Price Channel Key Support Levels: $1.23, $1.18, $1.12.Key Resistance Levels: $1.30 – $1.32, $1.40, $1.45. ADA is up 22% since rebounding from support at $1.05 nine days ago. From there, the cryptocurrency established an ascending price channel as it broke above the 200-day MA and the 2-day MA. ADA is now struggling to close above the $1.30 resistance and uses the lower angle of the ascending price channel as support. $1.30 provided strong...

ADA/USD – ADA Breaks Long Term Descending Trend Line Key Support Levels: $1.30, $1.25, $1.20.Key Resistance Levels: $1.35, $1.45, $1.52. ADA surged 10%, primarily driven by the 12% BTC price hike. The coin dropped into support at $1.05 last week but started to rebound from there. By Wednesday, ADA managed to break the 200-day MA as it continued higher from there. Over the weekend, ADA continued to climb past $1.20 but struggled with resistance at the 20-day MA. It finally...

The bulls have resumed control over the market in the past few days and have pushed bitcoin to a near three-week high at almost $35,000. The alternative coins have also benefited from these developments, with ETH closing down to $2,200 and DOGE sitting at $0.20. Bitcoin Taps an 18-Day High Ever since bitcoin bottomed at $29,200 on July 20th, the cryptocurrency has been on a roll. It bounced off immediately and reclaimed $30,000 in just a few hours. Shortly after, more...

Bitcoin Bitcoin saw a slight 2.3% price hike this week as it trades near $32,500. The cryptocurrency saw a very interesting week in which it spiked lower and produced a daily candle beneath $30K. It quickly rebounded from there and broke back above 30K to reach the 20-day MA at around $32,700. In doing so, BTC is now above a long-term descending wedge that it has been trading inside since mid-May. The coin was trading inside a descending triangle pattern at the start of the...

After charting a $3,000 surge in a day, BTC continued slightly upwards again in the past 24 hours and reached a weekly high at approximately $33,000. Most alternative coins are in the green as well, with ETH nearing $2,100 and Polkadot registering a 7% increase. Bitcoin Touched $33K After the Monday crash in which the primary cryptocurrency dumped below $30,000, the bulls have kept complete control over the market. They firstly pushed the asset above that coveted level before...

ADA/USD – ADA Rebounds Back Toward 200-day MA Key Support Levels: $1.13, $1.10, $1.05.Key Resistance Levels: $1.16, $1.20, $1.28. The BTC price drop beneath $30K yesterday caused had many altcoins to follow suit. During the decline, ADA dropped below the 200-day MA and eventually broke beneath the descending price channel that it was trading within. It continued to decline and reached as low as $1 before rebounding to close the daily candle at around $1.05. Today, ADA surged...

While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. On the other hand, some of the altcoins have bounced off since the recent price declines, with DOGE jumping by roughly 9% on a 24-hour scale. All Eyes on GBTC Unlocking After briefly exceeding $33,000 on Thursday, bitcoin started to retrace in value and lost about $2,000 in a day. The subsequent unsuccessful attempt by the bulls to recover...

Aside from a brief spike of over $1,000, bitcoin’s struggles continue as the asset is still well below $32,000. The alternative coins have also lost some more steam, with ETH standing beneath $1,900 and BNB close to breaking below $300. Bitcoin Dipped to a 3-Week Low BTC’s hurdles continue ever since the asset failed to breach $35,000 earlier this week. The bears took control over the market at that point and kept pushing it south. Initially, bitcoin decreased beneath...

Bitcoin Bitcoin dropped by 3% this week, reaching as low as $31,000. The cryptocurrency popped above the 20-day MA on Sunday but quickly reversed and dropped beneath it on Monday. It found support mid-week at $32,700 but continued beneath there yesterday to reach $31,185 (downside 1.618 Fib Extension) today. The short-term chart provides a closer perspective of what is going on. It shows BTC trading inside a falling price channel since the start of July. When BTC broke the...

Cardano’s Alonzo testnet went through a hardfork yesterday. Alonzo White, as the effort is called, was successfully implemented, so let’s examine what’s next for the network. Alonzo White Hardfork Successful In a Twitter update from yesterday, IOHK revealed that the Alonzo testnet went through a successful hardfork called Alonzo White. “We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review...