Cardano (ADA) Intraday Price Analysis
There seems to be a fresh recoil power from Bitcoin and the crypto market in entirety as the market green label threads in for a limelight. Cardano (ADA), amongst the top 10 coins in the market, is gearing up for a massive bull run after a devastating short decline.
Key Point
- Cardano (ADA) bottomed to $0.056.
- Cardano is on a crucial bullish rally with a resistance at $0.0659 on the 4-hours chart
Cardano ADA Price Analysis
After reaching for a resistance level of $0.0639 at the mid period of the previous week, Cardano against USD began to witness drastic decline that bottomed the price of the altcoin to $0.056 6 days after reaching for the high resistance.
The mockery attached to digital assets in the crypto space due to the downslide must have placed many new investors in dismay. However, Cardano, amongst some other coins in the market are already gibbering for a price correction on uprise trend.
Cardano is maintaining a solid ride on the upside trend with a decent rally which looks to make correction above $0.06800 resistance and the 23.6% Fib retracement level of the last decline at $0.05600.
As at press time, Cardano (ADA) is priced $0.066016 against the US dollar with about 9.4% added value in the last 24 hours to become the second highest gainer amongst top ten coins.
EOS (EOS) Intraday Price Analysis
According to Coinmarketcap, EOS stand as the highest gainer amongst top 80 coins in market table. EOS has added about 11.5% to its value in the last 24 hours, upping its marketcap to around $3.7 billion.
EOS lately witnessed a magical growth in the market. $3.7080 resistance point and $3.6381 support level had been the boundary of the altcoin since March 25, but towards the start of the Asian trading session yesterday, EOS witnessed a price spike that pushed its value up to $4.18 resistance level and a new support around $4.05.
The 200 SMA is below the shorter-term 100 SMA, confirming that the path of least resistance is to the upside.
