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The crypto market opened with a mixed trading day today, as Bitcoin retreated below <\/span>$47k. However, the industry\u2019s altcoins flashed some gains despite BTC\u2019s fall. Dogecoin registered 5.8% gains, and while ADA recorded a 1.9% gain, the coin\u2019s indicator pointed towards bearish sentiments.\u00a0<\/span><\/p>\n

Cardano (ADA)<\/b><\/h3>\n

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ADA\/USD<\/a>, TradingView<\/p>\n<\/div>\n

ADA surged by 1.9%, over the last 24 hours, as it traded for $2.16. Although it traded above the $2.0 mark, the charts indicated some bearishness moving forward. If ADA fails to remain at its current price level, support for the coin lay at $1.96.\u00a0<\/span><\/p>\n

The Awesome Oscillator<\/strong> flashed red signal bars implying a bearish turn in ADA\u2019s<\/a> prices. MACD<\/strong> also displayed chances of a bearish crossover.\u00a0<\/span><\/p>\n

Bollinger Bands<\/strong> remained wide and highlighted chances of increased market volatility.\u00a0<\/span>In case Alonzo\u2019s upgrade manages to thrust the prices, ADA could retest the immediate resistance of $2.20 and eventually topple its all-time-high of $2.48.<\/span><\/p>\n

Bitcoin (BTC)<\/b><\/h3>\n

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BTC\/USD<\/a>, TradingView<\/p>\n<\/div>\n

BTC retraced its tracks to the lower $46,957 price, dropping by 1.6%. The technicals of BTC<\/a> pointed towards the onset of bearish momentum in the market.<\/span><\/p>\n

Awesome Oscillator<\/strong> registered taller red signal bars. MACD<\/strong> flashed red bars on its histogram,\u00a0 recording a bearish crossover today. In case of a decline from $46,957, BTC would move south to $46,197.
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The Relative Strength Index<\/strong> indicator remained positive above the half-line despite noting a dip in buying pressure. Should there be a price reversal, BTC could retest its $47K resistance mark.\u00a0<\/span><\/p>\n

Dogecoin (DOGE)<\/b><\/h3>\n

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DOGE\/USD<\/a>, TradingView<\/p>\n<\/div>\n

Dogecoin<\/a> has maintained its uptrend as it recorded a 5.8% increase over the last 24 hours. The token traded for $0.30 at press time. <\/span><\/p>\n

The coin has managed to hold itself above its support level of $0.273 and it could test the immediate resistance of $0.312 over the upcoming trading sessions. The four-hour chart displayed bullish sentiments for the coin.\u00a0<\/span><\/p>\n

MACD<\/strong> observed green histograms after a bullish crossover and Awesome Oscillator<\/strong> too noted an increased number of green signal bars. <\/span><\/p>\n

Additionally, Chaikin Money Flow<\/strong> registered increased capital flows and was spotted above the half-line in the bullish territory.\u00a0<\/span>An unanticipated dip in prices could cause Dogecoin to rest on $0.273 support line.\u00a0<\/span><\/p>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market opened with a mixed trading day today, as Bitcoin retreated below $47k. However, the industry\u2019s altcoins flashed some gains despite BTC\u2019s fall. Dogecoin registered 5.8% gains, and while ADA recorded a 1.9% gain, the coin\u2019s indicator pointed towards bearish sentiments.\u00a0 Cardano (ADA) ADA\/USD, TradingView ADA surged by 1.9%, over the last 24 […]<\/p>\n","protected":false},"author":1,"featured_media":4057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[337,2022,36,143,81,124],"class_list":{"0":"post-4056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cardano","8":"tag-analysis","9":"tag-august","10":"tag-bitcoin","11":"tag-cardano","12":"tag-dogecoin","13":"tag-price"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/4056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=4056"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/4056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/4057"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=4056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=4056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=4056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}