Bitcoin tests key level for $40K BTC price dip as altcoins bleed
It’s not looking good for Bitcoin bulls, at least for today, as moving averages slip from view and $40,000 begins to loom large. Go to Source Powered by WPeMatico
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It’s not looking good for Bitcoin bulls, at least for today, as moving averages slip from view and $40,000 begins to loom large. Go to Source Powered by WPeMatico
The so-called “Alonzo” upgrade did little in protecting Cardano from falling in tandem with the rest of the cryptocurrency market, though bullish technical factors remain. Go to Source Powered by WPeMatico
The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Go to Source Powered by WPeMatico
The total number of Cardano wallets with at least a $1 million balance has surged from 3,625 on July 20 to 9,830 on Aug. 24. Go to Source Powered by WPeMatico
The bearish outlook appears also as Cardano’s daily relative strength index (RSI) reflects overbought sentiments. However, euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin keeps the upside hopes intact. Go to Source Powered by WPeMatico
The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit. Go to Source Powered by WPeMatico
Bitcoin and Ethereum’s upside exhaustion, Cardano’s smart contract FOMO, and an overall boom in the altcoin market catalyzed ADA’s gains. Go to Source Powered by WPeMatico
Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%. Go to Source Powered by WPeMatico
Cardano’s Coinbase listing helped push the open interest on its futures contracts above $1 billion, a signal that investors are seriously interested in ADA. Go to Source Powered by WPeMatico
The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market. Go to Source Powered by WPeMatico