Cardano, COSMOS and Polkadot Price Analysis: 29 August


Bitcoin and Ethereum confirmed indicators of consolidation as BTC stood above the $48K mark and ETH struggled to take costs greater than $3200. Following the identical development, altcoins like Cardano and Polkadot noticed restricted value actions.

DOT eyed the instant help stage of $24.05 as patrons stop the market. Lastly, COSMOS rose up by 9% and geared toward retesting the  $23.29 value ceiling. 

Cardano (ADA)

Cardano, COSMOS and Polkadot Price Analysis: 29 August

ADA/USD, TradingView

ADA’s costs have remained on the similar stage since yesterday, because it was buying and selling at $2.89. It displayed range-bound motion, with probabilities of costs hovering between $2.93 and $2.66, subsequent.

Technical indicators pointed in the direction of bullish tendencies out there. An rise might trigger ADA to retest the $2.93 value ceiling.  

Shopping for energy shot up as Relative Energy Index stood at 60. Inexperienced bars on MACD’s histogram confirmed indicators of progress, which was a sign of regaining bullish energy.  

Bollinger Bands confirmed slight divergence, signaling excessive probabilities of market volatility. In case ADA dips under the present value stage, the instant value flooring stood at $2.66 after which at $2.39. 

COSMOS (ATOM)

Cardano, COSMOS and Polkadot Price Analysis: 29 August

ATOM/USD, TradingView

COSMOS was buying and selling at $21.69 after it famous a pointy 9% leap during the last 24 hours. The alt had simply toppled over its instant resistance of $21.50. Continued northbound motion might push it to retest the $23.29 value ceiling. 

MACD flashed inexperienced bars on its histogram, which implied a optimistic value motion. Shopping for energy remained within the bullish territory because the Relative Energy Index was pictured at 60. 

Superior Oscillator’s inexperienced sign bars amplified affirming the aforementioned statements. In case of a corrective value pullback, the help ranges had been at $18 after which at $13.80. 

Polkadot (DOT)

Cardano, COSMOS and Polkadot Price Analysis: 29 August

DOT/USD, TradingView

DOT has been consolidating for the previous few days. At press time, the coin was valued at $25.81. As shopping for strain slowly dipped, buying and selling across the current stage, past instant buying and selling classes might push DOT to relaxation at $24.05 after which $19.46, respectively. 

Relative Energy Index, in settlement with the aforementioned assertion, regardless of noting an uptick, threatened to fall under the half-line. Receding inexperienced bars on the MACD histogram pointed in the direction of declining bullish value motion. 

Capital inflows remained low because the Chaikin Cash Movement rested beneath the half-line. In case, DOT’s value motion reverses, it might try and topple over the $26.71 value ceiling after which commerce close to its $29.70 resistance mark.



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