After touching their multi-month lows on 10 January, Cardano, XRP and Solana saw noteworthy gains. However, the Bitcoin sentiment still strived to flip the ‘extreme fear’ zone.
Cardano jumped above its long-term Point of Control, but its OBV failed to correspond. XRP and Solana flipped their EMA resistance to support over the past six days but still needed to ramp up their volumes.
Кардано (АДА)
Извор: TradingView, ADA/USDT
After dropping from the $1.5-mark on 27 December, ADA steeply downturned by 32.84% to poke its six-month low on 10 January. Then, as the alt hit the crucial $1.2-mark, it marked an impressive recovery over the past six days.
On its way up, ADA saw resistance at the Точка на Контол (red) that offered the highest liquidity for over three months near the $1.3-mark. While the altcoin noted a 27.54% six-day ROI, it now endeavored to snap the $1.375-resistance. In terms of the alts’ buying strength, the ОБВ did not mark a corresponding spike. The reading, therefore, indicated a weak bull move.
На прес-време, АДА се тргуваше за 1.371 долари. На УПН upturned after forming an ascending triangle on its 4-hour chart and ensured midline support. At the time of writing, it approached to test the overbought region before a likely dip.
XRP
Извор: TradingView, XRP/USDT
XRP downturned from the $1.01-mark resistance and formed two down-channels on its 4-hour chart over the past 23 days. The alt lost over 30% of its value (since 27 December high) and tested the $0.7292-mark five-month support.
Over the past six days, the alt reclaimed the 61.8% Fibonacci support and skewed the ЕМА панделки towards the bullish side. After breaching the 20-EMA resistance, the alt struggled to cross the $0.8029-mark. During the recent bull run, the Волуменски осцилатор marked lower peaks, indicating a flimsy bull move.
На прес-време, XRP се тргуваше за 0.7823 долари. На УПН managed to find midline support after a slight bullish preference. Nevertheless, the Индикатор за стискање на моментумот блесна фаза на ниска нестабилност.
Солана (СОЛ)
Извор: TradingView, SOL/USD
The 5 January triggered a steep decline as the alt saw a descending triangle (white) breakout. While the buyers failed to step in, the alt saw an over 23% retracement (from 5 January) until it poked its 15-week low on 10 January.
It flashed recovery signs after testing the $132-support multiple times. The 14.4% rise over the past six days led SOL to find a close above all its EMA ribbons. As the gap between the ribbons lessened, the buying influence amplified.
Now, SOL formed a rising wedge (white) on its 4-hour chart. Any close above $149 could further lead to a test of $154-resistance.
На прес-време, алтот се тргуваше за 148.6525 долари. На УПН was bullish after ensuring the midline support. Also, the ИСНХ reaffirmed a bullish preference while the ADX (насочен тренд) беше исклучително слаб.
Source: https://ambcrypto.com/cardano-xrp-solana-price-analysis-16-january/