Before analyzing ADA and DOT, we will first convey the latest situation for Bitcoin. Because most of the volatility in the values of altcoins proceeds in direct proportion to Bitcoin.
Bitcoin tested support at $32,000 before surging above $30,000.
On the other hand, Ethereum is struggling to hold above $2,000 as it fails to find support between $2,000 and $1,800.
Current status for ADA tested $1.5 and then managed to hold at $1.3. Investors provide a lot of support to the existing level so that there is no regression to the $ 1 level.
The RSI proves that the contribution made by investors at this level is heavily loaded. After touching $1.5, it is stable at $1.3 levels.
If it can hold on to this level, there is a possibility that investors will re-enter the market in large quantities.
Therefore, it may be necessary to wait a few days for trading.
This trend momentum calculator is still in negative territory, even though the traders (whales) loaded on the MACD indicator are taking control.
Since the beginning of the week, the DOT has been stable just below $18 in the uptrend.
It was expected to hold on to the support line formed here after a long time at $ 16, but it could not hold.
After falling to the level of 14.5 dollars with the sudden decrease, it quickly recovered and found support at the $ 15 level.
In order for the DOT to rise, it may be necessary to wait for it to hold on to the existing support at the stable level first.
Finally, if there is a daily close above $16, there is a possibility of finding support at $18.
It is worth saying that trading at this level will be risky for DOT like ADA.