Mixed trading patterns were observed in the case of certain altcoins. While some altcoins rallied, others also posted some gains, while many were busy trading sideways. Chainlink rallied 12.9% in the past 24 hours, while setting a new multi-month high. Dogecoin was up 4.4% and was preparing to revise the high price of $ 0.314. Cardano traded sideways, with a small 0.9% gain, although the charts remained bullish for the coin.
Cardano made only 0.9% profit in the last 24 hours. It was trading at $ 2.83, which is just a notch below its all-time high. The indicators, however, recovered from the bearish signals in the market.
The 20 4-hour SMA was seen above the candles, which meant the momentum was in agreement with the sellers. According to it, the Relative Strength Index dipped below its half line in bearish territory. Awesome oscillator also registered a sell signal while MACD it was showing red bars in its histogram, at the time of publication.
If ADA loses momentum and falls below the current trading price, it would land at $ 2.66, which is the currency’s lowest price point in a week. The aforementioned level has also been the driving point for prices in recent weeks. If it fails to sustain more than $ 2.66, it will take ADA to the minimum price of $ 2.39.
DOGE was trading at $ 0.303 after attempting to retest the $ 0.314 resistance mark. DUX last touched the mentioned price ceiling almost two weeks ago. In the last 24 hours, it gained 4.4%. With a steady uptrend, it could try to retest its multi-month high of $ 0.347.
Mixed trading signals were seen on its chart. MACD it was showing green bars on the histogram, although they were losing momentum during the last few trading sessions. Relative Strength Index It was seen above the midline, however, it threatened to fall below it. Chaikin money flow it was bearish due to falling capital inflows.
Negative price action will drag DOGE to trade near its two-week low of $ 0.273 and then drop to its monthly low of $ 0.240.
Chain link (LINK)
ENLACE rose 12.9% in the last 24 hours and secured a new profit for several months. It was trading at $ 33.95, while its ceiling was $ 34.68. Breaking down the $ 34.68 level could push LINK to test the $ 35.44 mark.
Relative Strength Index It hit the 75 mark, indicating that LINK was overbought. MACD it also experienced a bullish crossover and pointed to green bars on its histogram. He was last seen on this level, almost a month ago. Bollinger Bands opened, which suggested high chances of market volatility.
A drop below its current price level would mean that LINK would trade close to $ 32.37. Additional support levels were at $ 27.78 and LINK’s nearly four-week low of $ 24.45.
This is a machine translation of our English version.
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