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XRP, Dogecoin and Cardano Price Analysis – Aug 14




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XRP blocked a 13.6% gain as it watched its $ 1.22 resistance level. Dogecoin, after posting gains, managed to stay afloat above the $ 0.26 support line and lastly, the ADA move looked bullish amid the Alonzo release date updates.

XRP

XRP is up a strong 13.6% in the past 24 hours as prices touched a multi-month high of $ 1.16. The bulls had finally pushed above the resistance at $ 1.06 after it retested the level 24 hours ago. XRP could try to test the immediate resistance level of $ 1.22. Technicians have remained extremely bullish during XRP.

The Relative Strength Index spiked into overbought territory, but a reversal can be expected. Awesome Oscillator also signaled buy strength after showing green signal bars above the midline. MACD noticed a bullish crossover followed by bulls regaining momentum.

If XRP does not hold at this current price level, the drop could cause the asset to have support at $ 1.06.

Dogecoin

XRP, Dogecoin and Cardano Price Analysis - Aug 14

DOGE / USD, TradingView




Dogecoin increased 5.4% in the last 24 hours; it was priced at $ 0.29. This price marks a two-month high for Dogecoin. The four-hour chart showed optimism for the coin.

The Relative Strength Index remained close to the overvaluation zone; Awesome Oscillator showed green signal bars, a reading that implied a bullish trade.

Bollinger Bands were parallel with little divergence, indicating that Doge would trade within a price range.

If prices recede, the support level for Doge stands at $ 0.26.

Cardano

XRP, Dogecoin and Cardano Price Analysis - Aug 14

ADA / USD, TradingView

The bulls continue to push ADA prices higher as the coin posted a 9.1% rise in the past 24 hours. This increase in prices could be related to the announcement of the launch date of Cardano’s smart contract. Cardano is set to launch its premier Alonzo HardFork network launch on September 12.

Looking at the technicals, ADA represented an uptrend in prices. The Relative Strength Index was above 70, in the overbought zone. Awesome Oscillator showed green signal bars to verify the same.

Chaikin’s money flow, despite a drop in capital inflows, remained positive. In the event of an ADA pullback, it could drop to the $ 1.88 support line.

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: Tammy@oicanadian.com Phone: +1 513-209-1700

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