Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16


Bitcoin rested above the $47K mark on the again of a 1.8% enhance since yesterday, whereas ADA depicted a minor decline of 0.2% because it continued to commerce above $2. Lastly, Solana rallied 36.2% and was pictured amongst the highest 10 gainers within the business, after it noticed a pointy spike in its circulating provide together with a noteworthy restoration in its Sharpe Ratio. 

Bitcoin (BTC)

Bitcoin, Cardano and Solana Price Analysis: August 16

BTC/USD, Buying and selling View

Bitcoin, at $47,892, has been buying and selling comfortably above its help line of $46,197 over the previous few buying and selling classes. If the coin manages to maintain buying and selling above the aforementioned help degree, it may quickly contact the $48,196 resistance degree. 

Technicals for BTC nevertheless, emanated combined alerts. Superior Oscillator noticed the onset of inexperienced sign bars implying bullish worth motion. Bollinger Bands converged, indicating a decline in market volatility. 

Conversely, MACD displayed crimson bar on the histogram, and in addition famous a bearish divergence with respect to BTC’s costs, which additional advised that costs may presumably dip. In case of a retracement, BTC would fall to the $46,197 help line.

Cardano (ADA)

Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16

ADA/USD, TradingView

ADA declined by a minute 0.2%, as costs stood at $2.14. After a breakout from the $1.96 degree, ADA continued to maintain itself above that worth degree. The four-hour chart of ADA nevertheless, remained bearish in nature. 

All technical indicators of the asset have displayed bearish divergence on the chart, a studying that implied a corrective worth pullback for ADA. A fall from the present worth degree would end in it buying and selling close to the help line of $1.96. 

On the 4-hour chart, MACD displayed crimson bars on the histogram. Purple sign bars additionally confirmed above the half-line on the Superior Oscillator

Relative Energy Index fell from the overbought zone, nevertheless, it famous a delicate uptick implying shopping for power available in the market. An upward motion of ADA may push the coin to check the $2.25 resistance mark. 

Solana (SOL)

Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16 Bitcoin, Cardano and Solana Price Analysis: August 16

SOL/USD, TradingView

With a staggering 36.7% surge during the last 24 hours, SOL was amongst the highest ten gainers available in the market. The coin was priced at $61.41. The psychological resistance degree for SOL stood at $65 and sustained shopping for stress would push SOL in the direction of the aforementioned degree.

Superior Oscillator famous strengthened inexperienced sign bars which meant that costs have been bullish, correspondingly, MACD additionally noticed rising inexperienced bars on the histogram. 

Relative Energy Index shot above the overbought zone as shopping for stress noticed a pointy spike, nevertheless, possibilities of a worth pullback may presumably be anticipated.

SOL had touched these abovementioned worth ranges earlier than, on 16 Could, when it was valued at $58, after which it fell to $52.44. In case of a retreat in costs from $61.41, SOL may wind up on the $55.85 help line.



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