• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, June 8, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

ADA/USD Resumes Downtrend After a Short Period of Consolidation 

August 26, 2022
in Blockchain
Reading Time: 5 mins read
A A
ADA/USD Resumes Downtrend After a Short Period of Consolidation 
ShareShareShareShareShare


Cardano Price Prediction for 26th of August: ADA/USD Resumes Downtrend After a Short Period of Consolidation 

Cardano Price Prediction for 26th of August: ADA/USD Resumes Downtrend After a Short Period of Consolidation 

After a three-day ADA/USD bearish trend, the buying pressure became strong enough on the 20th of August to stop any more downward trends. The market action for that day (the 20th) shows a serious struggle between the forces of buyers and sellers. The buying pressure was only able to hold up the selling pressure in a sideway-ranging market pattern for six days. Today, the bearish market resumes. However, today did not start bearish. The bullish price action initially aims at breaking the $0.482 resistance level, then bears forced the price down below the bullish opening price. Although bearish momentum tries to regain the market, at the end of the day, it seems like the market favours bears

Related articles

U.S. Firms Looking for Greener Pastures Abroad as Regulatory Action Strikes Home

U.S. Firms Looking for Greener Pastures Abroad as Regulatory Action Strikes Home

June 8, 2023
SEC’s Move To Sue Top Exchanges Decreases Trading Volumes – Blockchain News, Opinion, TV and Jobs

SEC’s Move To Sue Top Exchanges Decreases Trading Volumes – Blockchain News, Opinion, TV and Jobs

June 8, 2023

Cardano Price Statistic:

  • ADA/USD price now: $0.4447
  • ADA/USD market cap: $ 15,011,734,893
  •  ADA/USD circulating supply: 33.75Billion
  • ADA/USD total supply: 34,277,702,082
  • ADA/USD coin market ranking: #8

Key Levels

  • Resistance: $0.463, $0.512, $0.539
  • Support: $0.438, $0.418,$0.384

Buy Cardano Now

Your capital is at risk

Punt Crypto Casino Banner

Cardano (ADA/USD)Price Analysis: The Indicators Point of View

From the middle of July, the market was in favour of bulls as price action trended up with the characteristics of higher lows candlesticks pattern. Since then, the Relative Strength Index line oscillated in the stronger zone of the indicator. Although It tested the lower zone several times, it did not drop into the weaker zone until the 17th of August when the price fell by 19%. Then the indicator line began to move in the weaker zone of the RSI ranging with the price action for the six days. The price will likely fall more as the line at 37% still points downward. On the contrary, the Moving Average Convergence and Divergence show that the price is recovering to the upside. Looking at the negative histogram, today’s histogram and the three previous histograms were pink. This is a sign that the trend is weakening and a rebound in price may be imminent.

Cardano Price Prediction for 26th of August: ADA/USD Resumes Downtrend After a Short Period of Consolidation 

Cardano Price Analysis: CHZ/USD 4-Hour Chart Outlook

Looking at this timeframe, we can see that early today the trend was bullish. It was the strong selling pressure that dominated the 3rd to 5th trading session which is the cause of today’s bearish price action. In the last trading session, we see the buying pressure increasing momentum. If the bulls can take the last session, the trend may reverse in their favour

Related

 

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

Tamadoge logo


 

 

Credit: Source link

ShareTweetSendPinShare
Previous Post

NYDIG Announces Lightning Accelerator Project – Bitcoin Magazine

Next Post

FDIC Issues Cease and Desist Letters to Five Crypto Businesses

Related Posts

U.S. Firms Looking for Greener Pastures Abroad as Regulatory Action Strikes Home

U.S. Firms Looking for Greener Pastures Abroad as Regulatory Action Strikes Home

June 8, 2023

Join Our Telegram channel to stay up to date on breaking news coverage As the U.S. ramps up its regulatory...

SEC’s Move To Sue Top Exchanges Decreases Trading Volumes – Blockchain News, Opinion, TV and Jobs

SEC’s Move To Sue Top Exchanges Decreases Trading Volumes – Blockchain News, Opinion, TV and Jobs

June 8, 2023

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International  BTC closed last week at about $27,000,...

LPT/USD Spikes Above $5.50 Level

LPT/USD Spikes Above $5.50 Level

June 7, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Livepeer price prediction shows that LPT...

Best Crypto to Buy Now June 7 – Bitcoin, Ecoterra, Render Token

Best Crypto to Buy Now June 7 – Bitcoin, Ecoterra, Render Token

June 7, 2023

Join Our Telegram channel to stay up to date on breaking news coverage In our best crypto to buy now...

North Korean Hackers Allegedly Behind $35 Million Cryptocurrency Heist

North Korean Hackers Allegedly Behind $35 Million Cryptocurrency Heist

June 7, 2023

North Korean cybercriminals are the prime suspects in a recent cryptocurrency heist involving the theft of a substantial $35 million....

Load More
Next Post
FDIC Issues Cease and Desist Letters to Five Crypto Businesses

FDIC Issues Cease and Desist Letters to Five Crypto Businesses

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Goblintown Creators Announce IP Licensing Deals for The 187 Holders

Goblintown Creators Announce IP Licensing Deals for The 187 Holders

May 16, 2023
Aave, Near Protocol, & DigiToads are set to thrive in 2023

Aave, Near Protocol, & DigiToads are set to thrive in 2023

June 3, 2023
Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

June 4, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Pepecoin Briefly Hits $1 Billion Market Cap Again Before Backpedaling
  • UK's FCA Follows US SEC in Ramping Up Crypto Regulations – BanklessTimes
  • New Ethereum NFTs Triumph Over the Bear Market

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,417.00-1.43%
  • ethereumEthereum(ETH)$1,840.81-1.79%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$261.02-5.75%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.52-1.04%
  • staked-etherLido Staked Ether(STETH)$1,839.66-1.82%
  • cardanoCardano(ADA)$0.327504-4.06%
  • dogecoinDogecoin(DOGE)$0.067840-2.29%
  • solanaSolana(SOL)$18.61-7.01%
  • matic-networkPolygon(MATIC)$0.77-3.93%
  • tronTRON(TRX)$0.076939-0.29%
  • litecoinLitecoin(LTC)$88.02-2.34%
  • polkadotPolkadot(DOT)$5.01-3.20%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • avalanche-2Avalanche(AVAX)$13.90-4.59%
  • shiba-inuShiba Inu(SHIB)$0.000008-1.00%
  • daiDai(DAI)$1.000.05%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,463.00-1.40%
  • uniswapUniswap(UNI)$4.58-3.30%
  • leo-tokenLEO Token(LEO)$3.51-0.29%
  • chainlinkChainlink(LINK)$5.97-3.30%
  • cosmosCosmos Hub(ATOM)$9.48-5.51%
  • okbOKB(OKB)$44.38-1.51%
  • moneroMonero(XMR)$144.34-1.52%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • ToncoinToncoin(TON)$1.65-0.56%
  • ethereum-classicEthereum Classic(ETC)$16.94-2.12%
  • stellarStellar(XLM)$0.087136-2.06%
  • bitcoin-cashBitcoin Cash(BCH)$111.27-1.79%
  • true-usdTrueUSD(TUSD)$1.00-0.03%
  • lido-daoLido DAO(LDO)$2.20-7.75%
  • internet-computerInternet Computer(ICP)$4.20-3.41%
  • filecoinFilecoin(FIL)$4.13-4.06%
  • quant-networkQuant(QNT)$111.83-3.73%
  • AptosAptos(APT)$7.70-4.85%
  • crypto-com-chainCronos(CRO)$0.058928-1.15%
  • hedera-hashgraphHedera(HBAR)$0.048050-2.20%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • ArbitrumArbitrum(ARB)$1.13-3.62%
  • nearNEAR Protocol(NEAR)$1.40-5.88%
  • vechainVeChain(VET)$0.017674-4.11%
  • apecoinApeCoin(APE)$2.89-2.41%
  • the-graphThe Graph(GRT)$0.113338-3.02%
  • paxos-standardPax Dollar(USDP)$1.00-0.01%
  • fraxFrax(FRAX)$1.00-0.15%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.60%
  • rocket-poolRocket Pool(RPL)$47.87-1.99%