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XRP, Cardano and VeChain Price Analysis – Aug 12




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On the back of BTC’s slide below $ 46,000, altcoins noticed a decline on their respective charts. ADA retraced 2.7% and headed towards support at $ 1.67, while VET lost substantial momentum after failing to clear the $ 0.116 price ceiling. However, XRP, amid the news of rising remittances between Korea and Thailand, continued to make a profit.

XRP

XRP rose sharply as the broader crypto market rallied in recent days. The coin posted a gain of 10.43% in the last 24 hours, prices were at $ 0.972. After it tumbled above the dollar mark two days ago, the coin started to pull back and was about to test its $ 0.898 support level.

The upward pressure came to a halt on the Awesome Oscillator as the green bars decreased in size. The green histograms decreased in size on the MACD.

On the other hand, Chaikin Money Flow maintained its bullish result despite registering a fall in capital inflows. In case XRP moves higher, it could retest its resistance level of $ 1.06.

Cardano

XRP, Cardano and VeChain Price Analysis - Aug 12

ADA / USD, TradingView




The ADA rally peaked at $ 1.89, its highest level since May 19. Following the southward move of Bitcoin and Ethereum, ADA was down 2.7% from yesterday, prices stood at $ 1.73. The bearish momentum had been established according to the indicators. A drop from the current price level would place ADA at a support line of $ 1.67.

Buying pressure eased when Awesome Oscillator registered red signal bars at the midline; The MACD showed a decline in the bullish signal as it approached a bearish crossover.

Bollinger Bands highlighted that market volatility was increasing as the indicator opened wide. If the bulls somehow make their way into the market, ADA could test the $ 1,870 level once again.

VeChain

XRP, Cardano and VeChain Price Analysis - Aug 12

VET / USD, TradingView

VET struggled to break down the $ 0.116 resistance level however; The altcoin was seen to be down 2.2% from yesterday. VET was priced at $ 0.109 and it could decline further to rest at the $ 0.099 support level.

A bearish crossover was observed on the MACD and the red signal bars affirmed the same on the Awesome Oscillator.

Bollinger Bands showed constriction and implied that VET could move into limited range movement, where prices could swing between $ 0.116 and $ 0.099 respectively.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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