in

Crypto Hot News Cardano, Algorand, Filecoin Price Analysis: 13 January

Hot Crypto News Today Cardano, Algorand, Filecoin Price Analysis: 13 January You Must Read To Get More Information For Trading and Investment.

As market leaders paved the recovery path, Cardano crossed its 4-hour EMA ribbons while flipping the $1.2-mark as support. Also, Algorand and Filecoin managed to flip their near-term SMA’s from resistance to support while reclaiming crucial price levels.

However, it may be too harsh to assume a solid trend reversal until the bulls marked a sustained close above the long-term bearish trendlines. Further, they needed to step in with increased volumes to support a promising rally. 

Cardano (ADA)

Crypto Hot News Cardano, Algorand, Filecoin Price Analysis: 13 January

ADA’s broadening wedge (white) downturned from the $1.5-mark resistance. As a result, it saw a 32.84% down-channel retracement (from 27 December high) until it poked its six-month low on 10 January. 

While the 20-EMA stood as a strong resistance throughout the downfall, the recent bull run found a convincing close above all the EMA ribbons. Now, as ADA tested the $1.3-resistance, the bulls reclaimed the vital $1.2-support.

At press time, ADA traded at $1.284. The RSI saw an expected upturn after forming an ascending triangle on the 4-hour timeframe. Now, it dipped from the overbought region and showed slowing signs. Besides, the Volume Oscillator struggled to flash higher volumes, depicting a weak broader trend.

Algorand (ALGO)

Crypto Hot News Cardano, Algorand, Filecoin Price Analysis: 13 January

ALGO formed a rising wedge (white) on its 4-hour chart and saw an expected reversal from the $1.84-mark. The 5 January sell-off acted as an impetus to this trajectory as the alt lost nearly 30% of its value until 10 January.

Since then, ALGO saw a decent recovery attempt as it flipped the 20-SMA (red) from resistance to support. The immediate testing point for the bulls now is the $1.5-level.

At press time, ALGO traded at $1.436. The RSI stood at the 48-mark after an uptrend. Meanwhile, the DMI supported the bears, but the ADX displayed a weak directional trend. Also, the recent pullback volumes have been higher than buying volumes, giving the bears a slight edge.

Filecoin (FIL)

Crypto Hot News Cardano, Algorand, Filecoin Price Analysis: 13 January

The alt saw a 31.97% retracement (from 5 January) from the crucial $35-mark resistance (previous support). On its 4-hour chart, FIL saw a descending channel (yellow) breakout over the past day. 

The 14.4% recovery (from 10 January low) helped the alt to stall the heightened sell-off situation. However, considering the long-term bearish tendencies, the Supertrend preferred the sellers. The immediate testing support now stood at the 20-SMA (cyan).

At press time, FIL traded at $30.03. The RSI finally crossed the midline and tested the 58-mark resistance before a marginal dip. Moreover, the Squeeze Momentum Indicator indicated a high volatility phase by flashing grey dots.

Read more Crypto Hot News here.
Watch free hot girl asia stock quality Photos on hotgirl.asia Crypto Hot News Cardano, Algorand, Filecoin Price Analysis: 13 January

What do you think?

Written by thegamefi

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

    Crypto Hot News Visa, Consensys partner to build a ‘CBDC Sandbox’ for countries and institutions

    Crypto Hot News Thai companies shell out millions to join the Bitcoin mining bandwagon