Цардано, Аваланцхе, Алгоранд Анализа цена: 17. јануар

Cardano defied the large-cap altcoins’ trajectory by noting double-digit gains over the past day. It witnessed record-high volumes and now saw overbought readings on RSI and Bollinger Bands.

Contrarily, Avalanche and Algorand flashed bearish near-term technicals.

Цардано (АДА)

Извор: ТрадингВиев, АДА/УСДТ

ADA managed to bag the spot of the fifth largest crypto with its recent gains after its market cap exceeded $49.4 billion over the past day. The bull rally initiated after the alt reversed from the crucial $1.12-mark support.

During the ascent, ADA tested the Поинт оф Цонтол (red) that offered the highest liquidity for over three months near the $1.3-mark. After retesting it thrice, it rapidly grew by marking eight green candles out of the last 10 candlesticks. The anticipation of the launch of the DEX SundaeSwap on its platform immensely contributed to the recovery. 

While the altcoin noted a 42.41% weekly ROI, it pulled back from the $1.53-resistance. У време штампе, АДА се трговала за 1.525 долара.

РСИ was still in an uptrend and eyed to retest the 78-resistance. Also, the ЦМФ saw an exponential spike in money flows over the past day. Any close below the upper band of the Боллингер Бандс would hint at a potential slowdown in the near term.

Лавина (АВАКС)

Извор: ТрадингВиев, АВАКС/УСДТ

AVAX noted a staggering 67.8% ROI (from 13 December low) to poke its three-week high on 22 December. Since then, the alt steadily lost its bullish vigor. It saw a 37.58% retracement and tested the $79.3-support.

Over the past week, the double-bottom breakout on its 4-hour chart reversed from the $96.4-level. It found support at the 50% Fibonacci level. Now, the immediate testing point for bulls stood at the 50-SMA (cyan).

У време штампе, алт се трговао испод свог 20-50-200 СМА at $88.93. After falling below its trendline support, the РСИ confirmed the head and shoulder (bearish) pattern on its 4-hour chart. However, the Индикатор Скуеезе Моментум бљеснула фаза ниске волатилности.

Алгоранд (АЛГО)

Извор: ТрадингВиев, АЛГО/УСД

The 5 January sell-off fueled the rising wedge breakdown while the sellers exerted increased pressure. As a result, the alt lost nearly 30% of its value (from 4 January) until 10 January.

As the $1.3-mark support stood strong, the alt saw an up-channel (yellow) recovery. But it was short-lived by the 38.2% Fibonacci resistance. The up-channel breakdown lost the above level and now tested the 23.6% level over the past day.

At press time, ALGO traded at $1.386. The РСИ stood at the 45-mark and still could not sustain itself above the midline. Meanwhile, the ДМИ supported the bears, but the АДКС показао слаб тренд смера. 

Source: https://ambcrypto.com/cardano-avalanche-algorand-price-analysis-17-january/