HomeCoinsCardano (ADA)Cardano, Tron, FTX Token Price Analysis: 04 February

Cardano, Tron, FTX Token Price Analysis: 04 February

- Advertisement -


Cardano broke out to the upside of $0.366 and was trading at $0.43 at the time of writing. Tron was consolidating underneath a level of resistance, and FTX Token had bullish momentum behind it that could propel the prices to $15.5.

Cardano [ADA]

Cardano, Tron, FTX Token Price Analysis: 04 February

Source: ADA/USDT on TradingView

Cardano was trading at $0.305 last week, a level of support that bulls defended and managed to push the price even higher. The subsequent week has seen ADA register gains amounting to 40%.

The Chaikin Money Flow was above +0.05 to show buyer dominance in the market. The DMI also showed a strong uptrend in progress.

Failure to rise above $0.44 on the second try gives some evidence to support a move down to $0.4 or even as low as $0.38, the previous resistance. This would likely be a pullback and not a trend reversal.

lTdc7MR

Tron [TRX]

Cardano, Tron, FTX Token Price Analysis: 04 February

Source: TRX/USDT on TradingView

TRX broke out of the range it was trading in but the RSI sank lower towards the neutral 50. This highlighted waning bullish momentum in the short-term and could see TRX consolidate beneath the $0.348 region of resistance over the next day or two.

The formation of higher lows for TRX alongside multiple retests of imminent overhead resistance suggested a bullish move was brewing for TRX. A trading session close above $0.35 on strong volume would indicate a bullish market conviction.

FTX Token [FTT]

Cardano, Tron, FTX Token Price Analysis: 04 February

Source: FTT/USD on TradingView

The $11.1 region formed good support for FTT and formed a launchpad for FTT’s climb back above $12.5 in recent days. The OBV has been in an uptrend over the past few days, while trading volume during the ascent past $11.5 has also been consistently above average compared to the previous week.

The MACD was also steadily climbing, showing bullish momentum. A target of $15.5 was projected for the bulls using Fibonacci 27% extension based on FTT’s rise from $7 to $13.



Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,496FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 41,840.00
ethereum
Ethereum (ETH) $ 2,907.55
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 488.33
litecoin
Litecoin (LTC) $ 145.46
eos
EOS (EOS) $ 3.81
okb
OKB (OKB) $ 14.36
tezos
Tezos (XTZ) $ 6.02
leo-token
LEO Token (LEO) $ 2.71
cardano
Cardano (ADA) $ 2.12
monero
Monero (XMR) $ 234.47
stellar
Stellar (XLM) $ 0.2627
chainlink
Chainlink (LINK) $ 23.24
huobi-token
Huobi Token (HT) $ 7.75
tron
TRON (TRX) $ 0.085239
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 154.10
neo
NEO (NEO) $ 37.31
iota
IOTA (MIOTA) $ 1.12
nem
NEM (XEM) $ 0.140423
zcash
Zcash (ZEC) $ 106.09
maker
Maker (MKR) $ 2,322.37
paxos-standard
Pax Dollar (USDP) $ 0.993824
ethereum-classic
Ethereum Classic (ETC) $ 45.43
vechain
VeChain (VET) $ 0.08667
true-usd
TrueUSD (TUSD) $ 0.999987
ftx-token
FTX Token (FTT) $ 51.52
kucoin-shares
KuCoin Token (KCS) $ 10.36
waves
Waves (WAVES) $ 24.20