Most major cryptocurrencies are likely to dip in the next few days to shake out the weaker hands, after which the uptrend could resume
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Most major cryptocurrencies are likely to dip in the next few days to shake out the weaker hands, after which the uptrend could resume
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The sharp up move in the top performers of this week shows that the market wide altcoin rally is still on
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Cardano founder Charles Hoskinson discusses whether proof-of-stake will overtake proof-of-work as the crypto industry’s economic paradigm
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Several major cryptocurrencies are in a minor corrective phase and this might provide another opportunity for traders to buy after the uptrend resumes
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, the ADA cryptocurrency has slumped into a correction, which, after the robust and stable growth in January, looks logical. The cryptocurrency is generally trading around $0.0541. On D1, analyzing the long-term technical picture of the Cardano development, we can notice that the general trend looks like a quite wide narrowing channel. After a bounce off the lower border, a convergence on the MACD, a breakout of the resistance line of the previous channel, the quotations started developing an uptrend. The aim of the trend is the upper border of the general
The post Cardano Price Analysis for January, 31th – ADA: All Good Regardless of Correction appeared first on The Merkle Hash.
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Several major cryptocurrencies appear to be in the process of an uptrend, meaning dips to strong support levels can be viewed as buying opportunities
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Cardano reveals the formal model of its smart contracts, but mainnet release date remains uncertain
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This year’s WEF dealt with a number of regulatory problems affecting the global crypto arena
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Bitcoin bulls are buying near support levels. If these levels hold for the next few days, the recent uptrend in cryptocurrencies is likely to resume
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The price action of most major cryptocurrencies suggests a minor correction or consolidation for the next few days
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