Most of the altcoins on the market have been consolidating or recording losses in the last 24 hours. Cardano fell 3% and approached the support line of $ 2.20. Chainlink also depreciated 5% and was trading closer to its three-week low. Lastly, MATIC was seen approaching its one-week low of $ 1.29 after posting a 5% loss for the previous day.
Cardano lost 3% of its valuation in the last 24 hours. The altcoin was priced at $ 2.33. In recent days, ADA has been consolidating. The closest support line for the coin was at $ 2.20 and then $ 1.72.
At the four-hour 20-SMA, the alt price was seen below it, indicating that the momentum belonged to the sellers. the Relative Strength Index was below the 50 mark. Chaikin money flow it was also observed below the median line, as capital inflows were low.
MACD witnessed a bearish crossover and flashed red bars on its histogram. If ADA moved higher, the first resistance mark was at $ 2.49, knocking down what could retest $ 2.79. The other price high was at a multi-month high of $ 3.04.
Chain link (LINK)
Chain Link was priced at $ 27.80 after posting a 5% loss in the last 24 hours. The closest minimum price for LINK was $ 27.78. Dropping below which the coin could trade near its three-week low of $ 24.45.
The parameters pointed to negative price action. On the four-hour chart, LINK’s price was below the 20-SMA. This reading suggested that price momentum leaned towards sellers. the Relative Strength Index it was below the average line.
Awesome oscillator flashing red signal bars. MACD it also shows red bars on its histogram. On the other hand, once buying pressure recovers, the altcoin could attempt to retest the $ 32.37 resistance mark and then revisit $ 35.83.
MATIC depreciated 5% and was trading at $ 1.39. The altcoin’s immediate support line was at $ 1.29, which is also a week’s low price level. The other price floor was at its lowest price point of more than a month of $ 1.07.
Bollinger Bands converged, indicating that price volatility will remain low during the next trading sessions. MACD it was bearish with red bars on its histogram. the Relative Strength Index it was also seen below the mean line.
MATIC’s bullish move could mean that the coin would meet its first resistance at $ 1.42 and then $ 1.54. Breaking down these levels, the coin could revisit its multi-month high of $ 1.76.
This is a machine translation of our English version.