A technical and on-chain examination of the Bitcoin price is provided. FXStreet’s analysts assess where BTC might go next, as it appears destined for a correction before greater highs.
For much of 2021, Cardano’s price has been oscillating around the 2018 high, either hitting resistance or support. As a result, last week’s weekly closing over $1.40 was a bullish departure from the daily rejections that dominated trade in June’s final week. Nonetheless, the bullish event’s lack of volume, as well as no follow-through this week and a significant layer of resistance around $1.55, may point to a swift reversal of fortune for ADA.
Between June 22 and June 25, the price of Dogecoin increased by 90%. It was a pleasant break from the price weakness that characterized May and June. Since June 25, however, DOGE has failed to convert the early gain into a long-term rally, failing to achieve the 50-day simple moving average (SMA) or higher. In truth, the meme token has been trading below the lower trend line of a minor symmetrical triangle pattern that has been charted since June 25./n
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