Price Analysis

Cardano And Dogecoin Price Shed Gains, Did The Bear Cartel Shine?

Cardano(ADA) Price Attempting A Rebound

After trading above $1.55 after breaking the neckline of the ‘W-Shaped’ pattern at $1.49, the price again dipped around $1.50. The ADA price shed all the gains of the past two days, yet recovered above the levels soon. However, the price is still struggling to maintain above the levels with the bulls and bears being active at the same time.

At the time of writing, the ADA price is $1.51 with a drop of 3.65% compared to the previous trading day. However, the RSI has touched the base and on the verge to rebound shortly. The MACD line and the signal line both are going hand in hand and may forecast a buy signal soon.

Technical Specifications

  • The resistance levels are at $1.57
  • The support levels are at $1.40
  • Indicators point out towards a sell signal

Also Read: Shiba Inu Listing Done On Coinbase, Is Robinhood The Next Stop!

Dogecoin(DOGE) Price Plunges Back To Same Levels

Dogecoin price is suffering a drawback of let after slumping from the higher levels around $0.44. Since then the price kept on draining the gains until it reached the present levels around $0.31. No doubt the price jumped to some extent due to the mention by Elon Musk, yet it failed to sustain above the surged levels and dropped quickly.

At the press time, the DOGE price is $0.3092 with a drop of 5.29% over the past 24 hours. The RSI levels are all set to rebound to the higher levels manifesting an uptrend in short term. The MACD also may give a buy signal very soon.

Technical Specifications

  • The resistance levels are at $0.33
  • The support levels are at $0.28
  • Indicators point out towards a sell signal

Also Read: Bitcoin Bears Attempt To Suppress BTC Price, Will They Run Out Of Steam!

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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