Cardano has seen a break from the symmetrical triangle, but bullish conditions do not appear to be sufficient for a move above $ 1.45. BitTorrent, on the other hand, was stuck in a decreasing triangle.


Cardano (ADA) price analysis

A move from the upper trendline of its symmetrical triangle showed a 6.8% break. Cardano has continued its northward trend in the last 24 hours and the price has brought the resistance level to $ 1.34. OBV has shown an upward trend over the past few sessions as buying volumes have been rising. This seemed encouraging, but ADA’s market is not bullish enough to support a breakout above $ 1.45.

B24 hour trading volumes saw a 16% decrease and lower activity means lower earnings. The MACD line has maintained its position above the signal line and the halfway level. Before the next rise of the ADA, some sideways movement can be expected and the bulls could possibly defend the $ 1.27 support against any bearish pressure.

Bittorrent Token (BTT) price analysis

Looking at the short-to-medium term forecast for BitTorrent Token, the price is still expected to break down from a descending triangle. Support areas remained at $ 0.0063 or even $ 0.0052 in the event of a collapse, but an immediate reversal can also be expected.

Trading activity was low since the price was rejected at $ 0.0097. OBV was in a bearish trend, but is pointing up at the time of this writing, and a crash may be delayed in the upcoming sessions as well. The MACD has kept itself below the half line, but momentum looks weak, according to the histogram.

Previous articleSouth Korean crypto traders are turning to these altcoins
Next articleAfter Bitcoin and Ethereum, Dogecoin also broke a record!


Please enter your comment!
Please enter your name here