The recovery of altcoin prices can be attributed to a combination of technical and fundamental factors. Technically, EOS, Litecoin, Stellar Lumens, Monero and even Cardano are on a downtrend shedding more than 80 percent from 2017 peaks. Most noteworthy is the 96 percent slide in Cardano prices. History has it that recoveries are inevitable after…
Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and…
Though EOS, Cardano, Monero, Stellar Lumens and Litecoin price analysis portray positivity, we are yet to see strong gains safe those of early last week. Litecoin news of Gemini listing coupled with Abra’s addition of Cardano (ADA) are bright spots but first Cardano prices must rise above 7 cents nullifying current sells. EOS Price Analysis…
There are low time frame recoveries but it looks likely that our previous Cardano price analysis and subsequent price predictions remain true. This is despite the flurry of positive price boosting Cardano news which should naturally lift prices above it’s all-time-lows and main support at 7 cents. If anything, Cardano has a bearish outlook that’s…
Key Highlights ADA price formed a decent support base near the $0.0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise in the short term towards the…