Price Analysis

Cardano (ADA) Records Choppy Actions Ahead of Weekend Cardano Summit

Cardano (ADA) Records Choppy Actions Ahead of Weekend Cardano Summit

Cardano starts Friday with a somewhat bearish attitude, plunging below the $2.30 level due to cautious sentiment. That comes as market players wait for Bitcoin to crack the vital zone at $45,000. While writing these lines, ADA/USD trades at $2.28. The total crypto market recorded bearish moves at the start of this week. The market endured crashes due to the fading investor mood following the Evergrande calamity. Institutional investors were worried about a probable decline by the leading real-estate developer due to debt default. That forced them to stay away from riskier assets, including cryptocurrencies. Meanwhile, the bearishness started to…
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XRP Prepares for New Bullish Breakout

XRP Prepares for New Bullish Breakout

The controversial token XRP has been able to maintain its rank in the cryptocurrency top 10 group for the better part of the year. New evidence from the technical indicator claims that the altcoin is all set for a major break out in the near term. Several technical indicators point towards a possible spike in the volatility of the altcoin. Towards the closing of the trading period for the next week, the XRP token is susceptible to accepting the impact of increased price fluctuation in the crypto marketplace. Throughout August, the price of the XRP token remained intact for the…
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MATIC Overpowers 4-Month Declining Trend-Line, Bulls Target $2.00

MATIC Overpowers 4-Month Declining Trend-Line, Bulls Target $2.00

Briefly – The previous week had MATIC's price climbing by around 15%. The 200 MA has held MATIC for almost one month. Bulls have to overcome $1.70 to confirm a massive price surge. Polygon (MATIC) has seen average price performance since last month. Though most crypto coins have increased towards their previous record highs, MATIC remains 75% away from its record peak. Meanwhile, the total cryptocurrency market has seen impressive sessions over the last month. Most crypto assets gained 100-200% from the 20 July lows. Polygon provides a network for infrastructure development and Ethereum scaling. Analysts believe that MATIC will…
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Chainlink, Solana Price Analysis – 3 September

Chainlink, Solana Price Analysis – 3 September

Solana exploded to another ATH near $136; market players believe that the alt will extend its upside movements. Chainlink hits beyond $30 as it strengthens its mission to head towards $40. Thursday saw Bitcoin bulls stepping up to take the leading crypto to the price levels beyond $50K. However, the uptrend was short-lived since BTC retraced, almost to test the $48,000 support. On the other side, ETH stalled before climbing to $4,000, but it did not lose its entire upside momentum. The leading altcoin has chances to trade beyond this psychological zone over the weekend. Meanwhile, the rest of the…
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