Cardano’s ADA Rallies 30%—Technicals Show “Potential Buy” Signal: Analyst
ADA was trading higher in the early trading session Monday as traders piled up behind the token over its optimistic fundamentals. The Cardano blockchain project’s native asset surged 3.3 percent to 970 sats as of 10:25 GMT. The gains followed a wild upside move the began on September 24, 2020. Since then, the ADA/BTC exchange […]
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Crypto analyst Ali Martinez said a long-tracked SuperTrend signal on Cardano’s daily chart has flipped bullish, months after the same tool marked the start of a steep decline. The call comes alongside fresh on-chain data from Santiment showing large ADA wallets now holding a record share of supply. Cardano SuperTrend Flips Bullish Martinez framed the latest signal as notable because of the indicator’s prior timing. In a post on X, the analyst said the SuperTrend had been his most reliable tool for tracking Cardano’s larger directional shifts, pointing to a sell signal from late September....
XRP has defended support at $2.90 and made several attempts to push above $3.10 over the past week. Although XRP bulls have managed to hold above $3, the cryptocurrency hasn’t really followed rallies witnessed by Bitcoin and Ethereum in the past 24 hours. Nonethless, XRP’s price action in the past few days has caused its price chart to print a new technical setup that has previously marked the beginning of significant rallies, and history might repeat itself again. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead Bullish XRP Technical....
Bitcoin has undergone a strong rally over the past two weeks. An analyst noted that one of their custom indicators formed a “buy” for the third time in the past few months. This indicator is important as it has predicted critical retracements and rallies. Bitcoin Printed a Macro Buy Signal Bitcoin has undergone a strong rally over the past two weeks. But technical trends show that the coin could surge even further in the weeks […]
Bitcoin (BTC) has recently shown renewed strength in its market stance, with positive signals emerging from key market indicators. This emerging positivity in BTC’s market indicators comes on the heels of the asset seeing a gradual recovery in price over the past weeks. Earlier today, BTC again came closer to the $70,000 mark with a 24 hour high of $69,217. However, the asset has since retraced with a current trading price of $68,644, up 1.6% in the past 24 hours. Related Reading: Bitcoin Short Positions Face Serious Risk Above $68,500 – Details Bitcoin Hash Ribbons Flash Buy Signal....
XRP is currently finding it hard to close above $2.20 on the daily timeframe, which caused it to close its most recent weekly candlestick just below this level. Although the technicals show some sort of resistance at this zone, XRP fundamentals are still positive, and the cryptocurrency is on track for high valuations. XRP’s bullish […]