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.
Cardano (ADA) dropped to a multi-week low on Thursday, as prices collided with a key support point.
ADA/USD plunged to an intraday low of $0.3501 in today’s session, following a high of $0.3637 on Wednesday.
As a result of the move, cardano traded slightly above a floor at $0.3500, which is its weakest point since February 13.
Pogled na grafikon, one of the catalysts for the move was a downward crossover between the 10-day (red), and 25-day (blue) moving averages.
Poleg tega, the relative strength index (RSI) also failed to climb above a ceiling at 45.00.
V času pisanja, the RSI is now tracking at 41.68, and appears to be heading for a floor at 40.00.
Dodatno, cosmos (ATOM) also fell back into the red, as prices retreated to a recent floor.
Po visoki vrednosti $12.91 on Wednesday, ATOM/USD dropped to a low of $12.26 prej na današnji seji.
The move saw the token fall below a long-term support point of $12.30, nearing a six-week low in the process.
Na splošno, cosmos is down by over 10% v zadnjih sedmih dneh, which comes as the RSI continued to fall towards a floor at 40.00.
Od pisanja, 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, ATOM will likely be trading close to the $12.00 označiti.
Register your email here to get weekly price analysis updates sent to your inbox:
Could cosmos fall below $12.00 this week? Sporočite nam svoje misli v komentarjih.
Zasluge za slike: Shutterstock, Pixabay, Wiki Commons
Zavrnitev odgovornosti: Ta članek je zgolj informativne narave. Ne gre za neposredno ponudbo ali nagovarjanje k ponudbi za nakup ali prodajo, ali priporočilo ali odobritev katerega koli izdelka, storitve, ali podjetja. Bitcoin-Tidings.com ne zagotavlja investicije, davek, pravni, ali računovodski nasvet. Niti podjetje niti avtor ne odgovarjata, neposredno ali posredno, za kakršno koli škodo ali izgubo, povzročeno ali domnevno povzročeno z ali v povezavi z uporabo ali zanašanjem na katero koli vsebino, blaga ali storitev, omenjenih v tem članku.
Preberi zavrnitev odgovornosti