Категория: ADA Hits Multi-Week Low, as Red Wave Hits Crypto Markets

Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor.

Кардано (ТАМ ЕСТЬ)

Кардано (ТАМ ЕСТЬ) dropped to a multi-week low on Thursday, as prices collided with a key support point.

ТАМ ЕСТЬ/USD plunged to an intraday low of $0.3501 на сегодняшней сессии, following a high of $0.3637 в среду.

As a result of the move, cardano traded slightly above a floor at $0.3500, which is its weakest point since February 13.

Глядя на график, one of the catalysts for the move was a downward crossover between the 10-day (red), and 25-day (blue) moving averages.

In addition to this, the relative strength index (RSI) also failed to climb above a ceiling at 45.00.

На момент написания, the RSI is now tracking at 41.68, and appears to be heading for a floor at 40.00.

Космос (АТОМ)

Кроме того, космос (АТОМ) also fell back into the red, as prices retreated to a recent floor.

После высокого $12.91 в среду, АТОМ/USD dropped to a low of $12.26 ранее на сегодняшней сессии.

The move saw the token fall below a long-term support point of $12.30, nearing a six-week low in the process.

Общий, cosmos is down by over 10% за последние семь дней, which comes as the RSI continued to fall towards a floor at 40.00.

На момент написания, the index is tracking at 40.99, which is near its weakest point in the last two months.

Should price strength hit its targeted floor, АТОМ will likely be trading close to the $12.00 отметка.

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Элайджа Дамбелл

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. В настоящее время, he commentates on various asset classes, including Crypto, Акции и валюта, whilst also a startup founder.

Кредиты изображений: Шаттерсток, Pixabay, Викисклад