in

Crypto Hot News Cardano, NEAR, ICP Price Analysis: 03 February

Hot Crypto News Today Cardano, NEAR, ICP Price Analysis: 03 February You Must Read To Get More Information For Trading and Investment.

With the Bitcoin fear and greed index yet again drifting into an extreme fear sentiment, Cardano and Near continued their near-term consolidation phase. Thus, forming bearish pennants on their 4-hour charts. Also, ICP revealed decreasing buying vigor while the buyers needed to step in at the 20 EMA to prevent a further downfall. 

Cardano (ADA)

Crypto Hot News Cardano, NEAR, ICP Price Analysis: 03 February

The recent up-channel (yellow) breakdown from the $1.59-mark led ADA bears to test the $1.04-level multiple times over the past 12 days. The alt fell by 44.2% (from 18 January) and poked its nine-month low on 22 January.

Thus, ADA fell below its EMA ribbons and even lost the vital $1.12-mark resistance. Over the last two weeks, the alt formed a bearish pennant pattern on its 4-hour chart. While the EMA lines still posed a challenge, the upper trendline of the pennant stood as strong resistance. 

At press time, ADA traded at $1.04. The RSI reclaimed the 40-mark support continued to display a bearish edge. Further, the OBV was in a gradual ascent and affirmed the increasing buying power. But the ADX flashed a substantially weak directional trend for the alt.

Near Protocol (NEAR)

Crypto Hot News Cardano, NEAR, ICP Price Analysis: 03 February

Since its ATH on 15 January, NEAR lost 53.83% of its value and poked its one-month low on 24 January. Moreover, it also lost its crucial $11.6-level resistance (previous support). 

Like ADA, Near witnessed a bearish pennant on its 4-hour chart. Now, the immediate hurdle for bulls stood at the immediate supply zone (rectangle, yellow).

At press time, the alt was trading at $10.785 after noting a 2.2% 24-hour loss. After plunging to its record low, the RSI saw a solid revival in the past 12 days. It still depicted a bearish edge as it struggled to sustain itself above the equilibrium.

Internet Computer (ICP)

Crypto Hot News Cardano, NEAR, ICP Price Analysis: 03 February

The recent up-channel (yellow) found a convincing close above the 38.2% Fibonacci resistance. However, the sellers ensured to step in at the 50% level and exert sustained pressure.

Since the up-channel breakdown, the 20 EMA (cyan) stood as strong resistance while the bulls flipped it to support over the past two days. Any close below this level could propel a restest of the lower trendline (yellow).

At press time, the ICP traded at $20.95 after noting a 13.7% three-day gain. The RSI seemed to undertake a patterned breakout and test its midline support. Any close below the 50-mark would confirm the heightened bearish influence. To top it up, the Squeeze Momentum Indicator now flashed grey dots, entailing a high volatility phase.

Read more Crypto Hot News here.
Watch free hot girl asia stock quality Photos on hotgirl.asia Crypto Hot News Cardano, NEAR, ICP Price Analysis: 03 February

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 AVAX fails to climb past the $75 level, can it head back to $50

    Crypto Hot News As Shiba Inu hovers above a support level, here is why this is likely