Cardano\u0027s breakthrough sets it up for longer term reversal
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
However, the journey ahead is not without challenges. Shiba Inu is approaching the 21 exponential moving average resistance level. This is a crucial point for the asset, as the 21 EMA often acts as a barrier that could potentially push the price lower. Ifmanages to break through this resistance, it could pave the way for further gains. On the flip side, failing to do so could result in a price correction.
The asset has recently moved past the 50 exponential moving average , a commonly used technical indicator that helps traders identify market trends. Crossing above the 50 EMA is generally considered a bullish sign, indicating that the asset might continue its upward trajectory.conditions suggest that Ethereum's recent gains might not be as secure as they appear. The relatively low trading volume and market volatility indicate that we could see a reversal quite soon.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano's (ADA) IOG Introduces X Page for Midnight SidechainMidnight, novel privacy-focused sidechain project by Cardano (ADA) Developer IOG, getting closer to next milestone
Read more »
Solana (SOL) Tops Cardano (ADA) in Grayscale\u0027s Smart Contract FundGrayscale\u0027s Q3 portfolio update showcases a shift in the blockchain landscape as Solana edges past Cardano to become the leading asset in its Smart Contract Platform Ex-Ethereum Fund
Read more »
Cryptocurrencies Price Prediction: Cardano, Axie Infinity & Bitcoin — Asian Wrap 05 OctoberCardano (ADA) price is attempting a recovery rally on the higher timeframes, recording three consecutive higher highs as indicated in the chart below.
Read more »
Cardano price could dip 5% amid growing overhead pressureCardano (ADA) price is attempting a recovery rally on the higher timeframes, recording three consecutive higher highs as indicated in the chart below.
Read more »
Cardano’s Midnight Devnet Now Open for Dev RegistrationsIn a recent Thursday announcement, Input Output Global (IOG) opened the doors for developers to delve into its novel data-protection blockchain called Midnight
Read more »
Cardano Founder Shares Crucial Hydra UpdateCardano founder says Hydra has not failed, shows community key evidence
Read more »