Cardano Price Analysis (ADA/USD)
The price of ADA/USD pair has recorded an impressive price recovery over the intraday. The price-performance is bullish with an upsurge gain of 11%. The market escalated from where it closed yesterday at $0.04719 where it is currently trading at $0.05027.
Additionally, the market began the session with a bullish pressure that sharply shifted the momentum up to rally at a high of $0.05126. The RSI indicator that moved at around 08:30 to 17:00 up from a low of 50 to a high of 78, which is marked as a positive zone reflected the upward pressure.
A lack of dominance was later seen that was reflected by the sideways price momentum that consolidated between the key resistance level $0.05090 and support level $0.05001. Additionally, the RSI indicator is at the press time heading north and is above level 50 that signals a bullish outlook. A breakout above $0.05010 could confirm an upward price rally.
Cardano Price Prediction (ADA/USD)
EOS Price Analysis (EOS/USD)
EOS market has also recorded a bullish performance over the last 24hrs. It has gained by more than 5% on an intraday chart. The bullish momentum seemed to have been supported by the 7 day MA that gravitated above the 21 day MA almost throughout the last 24hrs.
The famous crypto escalated from $3.5348 to $3.7550. The northward recovery was seen after the market saw a short-term upward rally. That pushed the price up to a high of $3.6869 before it embarked to a steady flow that defined the current price at $3.7550.
Price recovery was also reflected by the RSI indicator X that is at the moment tending towards the north that indicate an increase in buyouts, which is a bullish sign. Resistance level was thereby defined at $3.7499 and support level at $3.6775. They were both tested severally. A breakout near $3.8000 level might mark a new healthy bullish outlook.
EOS Price Prediction (EOS/USD)
At the moment, the moving averages are also converging with the 21 day MA heading north and is likely to cross above the 7 day MA that signal incoming bearish pressure. If the price breaks below $3.6500, traders should go short and take profit at $3.5500.
Ripple’s XRP Price Analysis (XRP/USD)
The bulls seemed to have also taken over XRP market momentum. XRP/USD pair moved with the assistance from a bullish engulfing pattern that shifted the price up to close at $0.2860. Support level $0.2801 was broken that confirmed the price recovery.
The upward momentum was reflected by the RSI indicator X that was seen above the positive zone from 09:00 to 18:00. The RSI indicator later declines to a low of 60 that signaled a reduce in buyouts. Additionally, the resistance level was tested near $0.2919. The price, however, showed no attempt to breach resistance level that confirmed the bulls have relaxed.
Ripple’s XRP Price Prediction (XRP/USD)
All the indicators point at a further bullish outlook, the 7 day MA has crossed above the 21 day MA. The RSI indicator is also above level 50 that signals a positive sign. Nevertheless, if the price struggles to climb above the $0.2900 and successfully manage, it could pump the momentum further up to $0.3000.
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