
Cardano (ADA) Prices in a Tight Trade Range, Resistance at $0.60
Cardano prices are still within a tight horizontal consolidation at spot rates.
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.
Cardano prices are still within a tight horizontal consolidation at spot rates.
Bitcoin prices are stable at spot rates and wavy at around $30k, much to the disappointment of bulls.
Ethereum prices are stable when writing. However, performance remains underwhelming, if not dismal, considering the general expectations amongst traders.
BNB is still in the top-5 with more than twice the market cap of XRP, the sixth most valuable cryptocurrency.
Bitcoin has had it rough in the past few trading days, reading from the performance in the daily chart. Even though the coin could be back
Ethereum hasn’t been spared the drawdown of early this week, reading from the formation in the daily chart.
LUNA prices are still in red at spot rates. Like the rest of the cryptocurrency market, the coin is under immense selling pressure, sliding 24 percent
Bitcoin tumbled on May 5, sliding below crucial support levels in the daily chart. The dump forced BTC down nine percent in the previous week-to-trading.
Ethereum is stable when writing though buyers are not out of the woods yet.
Avalanche, aligning with the general trend of the crypto market, is under immense selling pressure.
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