
Cardano Slumps 19%, but ADA is Above $0.45, a Key Support Line
Like the rest of the cryptocurrency market, Cardano flash crashed on August 19, dropping 23 percent from August 2022 highs.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Like the rest of the cryptocurrency market, Cardano flash crashed on August 19, dropping 23 percent from August 2022 highs.
Bitcoin prices are down six percent in the last 24 hours, flash crashing earlier today. When writing, BTC is down 13 percent from August highs printed
Ethereum, like the broader crypto market, is relatively steady, adding three percent in the past 24 hours.
Polkadot is down the ranking when writing, dropping four percent against the greenback in the past 24 hours.
Bitcoin prices are relatively stable when writing, shrinking three percent in the past 24 hours. Even though there was strong liquidation pressure at the closing trading
Ethereum prices are down five percent on the last trading day, pulling back from a critical resistance line as per the formation in the daily chart.
Polygon prices are up 212 percent from 2022 lows, expanding with decent participation levels and spearheading the general recovery in the crypto markets.
Bitcoin prices are steady at spot rates, but down roughly seven percent from last week’s highs after buyers failed to arrest determined sellers.
Ethereum prices are firm when writing, steadying on the last trading day but up 13 percent week-to-date versus the USDT. Technically, buyers have the upper hand,
Ripple is up roughly 10 percent in the past trading week, steadying on the previous trading day and within a bullish breakout formation, based on the
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