Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA
Bitcoin and altcoins saw a strong bounce off their respective support levels, a sign that traders are still buying on dips. Go to Source Powered by WPeMatico
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Bitcoin and altcoins saw a strong bounce off their respective support levels, a sign that traders are still buying on dips. Go to Source Powered by WPeMatico
The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Go to Source Powered by WPeMatico
Weiss Crypto, the subsidiary of financial ratings firm Weiss Ratings slammed Cardano’s partnership with Confirm, describing it as a “bad move all around.” Go to Source Powered by WPeMatico
Even with Wednesday’s pullback, Bitcoin and most major altcoins are finding buyers on minor dips to underlying support levels, signaling that the trend remains bullish. Go to Source Powered by WPeMatico
The total number of Cardano wallets with at least a $1 million balance has surged from 3,625 on July 20 to 9,830 on Aug. 24. Go to Source Powered by WPeMatico
The bearish outlook appears also as Cardano’s daily relative strength index (RSI) reflects overbought sentiments. However, euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin keeps the upside hopes intact. Go to Source Powered by WPeMatico
Select altcoins are likely to move higher even as Bitcoin price takes a breather after hitting $50,000 for the first time in months. Go to Source Powered by WPeMatico
The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit. Go to Source Powered by WPeMatico
Bitcoin price continues to encounter resistance at the $50,000 level, but the rounding bottom pattern seen in most altcoins is a signal that traders intend to push prices higher. Go to Source Powered by WPeMatico
Bitcoin has resumed its move toward $50,000 and this is likely to send altcoin prices higher. Go to Source Powered by WPeMatico