Cardano [ADA] poised for further gains this week but buyers must wait for this retest
also saw a move upward of 2.4% late into Sunday, and a 5% drop thereafter. Since then, the price rebounded higher once more. What can lower timeframe traders expect over the next week?The 4-hour chart had a bullish market structure. On 14 February, ADA broke out past the $0.37 resistance and flipped the structure to bullish. Since then the price has formed a series of higher lows. In recent hours of trading, ADA dipped as low as $0.389.
The Awesome Oscillator showed that bullish momentum was weakening, owing to the red bars formed on its histogram. However, the indicator remained above the zero level. The A/D line also made higher lows over the past week. This suggested steady buying pressure.Over the past few days, trading volume has slowly dropped. At the same time, ADA bulls knocked on the doors of the resistance at $0.42.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Decoding Cardano’s [ADA] weekly report for you to avoid losses](https://i.headtopics.com/images/2023/2/18/cryptoamb/decoding-cardano-s-ada-weekly-report-for-you-to-av-decoding-cardano-s-ada-weekly-report-for-you-to-av-1626983131478740993.webp?w=640)
Decoding Cardano’s [ADA] weekly report for you to avoid lossesCardano’s weekly development report went live highlighting the necessary updates. ADA’s performance on both the price and metrics front remained positive. The last week was quite happening for the Cardano [ADA] ecosystem as new announcements were made and upgrades got released. ADA’s price also registered a double-digit increase. According to CoinMarketCap, ADA rallied by over […]
Read more »
Polygon: Short-term investors outperform long-term holders, here’s howDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MATIC hit the overbought zone on the lower timeframe chart. Monthly holders saw gains jump from 7% to 25% at press time. Polygon’s [MATIC] recent rally is a win for every investor. But short-term […]
Read more »
SHIB takes BTC lead; moves sideways- Investors can look out for these levelsDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion BTC and SHIB formed a sideways market structure into the weekend. Hodlers’ gains fluctuated but could improve if BTC reclaims $25K. Shiba Inu [SHIB] traded within a range into the weekend. It followed Bitcoin’s […]
Read more »
TRON traders facing obstacles at $0.07161 can look to book gains hereDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion TRX’s market structure was bullish but TRX faced a key resistance level. So far, the coin has faced three price rejections at $0.07161. Tron [TRX] hiked by 43% in the past few weeks. It […]
Read more »
Chainlink hits a key supply zone – Can bulls weather the selling pressure?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Chainlink [LINK] hit a crucial sell pressure zone above $7.5. LINK’s open interest (OI) surged but may face headwinds. Chainlink [LINK] has been in a consolidation phase for the past few weeks. It oscillated […]
Read more »
ApeCoin crossed above a multi-week downtrend line, should you go long?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion APE plunged by over 20% in the past few weeks. However, bulls had a glimmer of hope after crossing above a downtrend line. ApeCoin [APE] is facing countering forces ahead. Notably, the NFT token […]
Read more »