Cardano (ADA) dodged its minor correction and refocused on its record level. ADA bounced back from support of $ 1.16 after coming back about 20% since ATH yesterday.
At the time of writing, it remains the third largest cryptocurrency in the world, with a market capitalization of over $ 41 billion. Cardano has gained over 225% in the last 30 days, indicating the strong rise of the cryptocurrency asset to the crypto market.
The stochastic RSI showed that sellers were at a saturation in the market. Also, the Awesome Oscillator showed that the momentum has been fluctuating between buyers and sellers in the last few indicators. A rise against the record high is likely to be expected, and the increase in 24-hour trading volumes could trigger a strong rally for ADA.
At the time of writing the article, according to Coinmarketcap data, ADA is trading at $ 1.28.
IOTA fell below the $ 1 level after the price of IOTA, the leading cryptocurrency, started falling from $ 58,000 levels. The ADX Indicator IOTA 20 mark showed lower sign and price could move between $ 1.23 and $ 1.04. If IOTA breaks the $ 1.23 resistance, its next target will be $ 1.41.
At the time of writing the article, according to Coinmarketcap data, IOTA is trading at $ 1.20.
Dogecoin (DOGE) formed a symmetrical triangle on its 4-hour chart as the price moved between the two trend lines. Trading volumes were lower and consistent with the breakout pattern. The pattern usually follows an upward breakout and DOGE could move towards a bullish $ 0.07 resistance.
However, considering the general situation of the market with the decrease experienced in the last week, the result of the decrease cannot be ignored. If a downside break occurs, DOGE can see the test support levels at $ 0.034 and $ 0.023.
At the time of writing the article, according to Coinmarketcap data, DOGE is trading at $ 0.049.