Cardano, BitTorrent, Dogecoin Price Movement Analysis for 25th September, 2021

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Many altcoins have shown consolidation and slight gains in the last 24 hours as they recover. Cardano advanced and targeted its immediate opposition. Despite technical indicators indicating bearish pressure in the market, BitTorrent has also seen upward movement. Finally, Dogecoin recovered, though purchasing power remained negative.

Cardano (ADA)

Cardano, BitTorrent and Dogecoin Price Analysis: 25 September

ADA/USD, TradingView

Cardano has gained 9.4 percent in the last 24 hours. The resistance level was $2.45. Other levels stood at $2.60, which is also a one-week high, with ADA potentially revisiting the $2.78 level. Following the recovery, the parameters were bullish.

The Relative Strength Index was observed above the half-line, indicating that buying strength had also recovered. MACD’s histograms displayed green bars.

Chaikin Money Flow was above the midpoint due to positive capital inflows. On the other hand, ADA can fall as low as $1.97 and as high as $1.83.

 

BitTorrent (BTT)

Cardano, BitTorrent and Dogecoin Price Analysis: 25 September

BTT/USD, TradingView

BitTorrent has increased by 2.2 percent in the last 24 hours. The price of the altcoin was $0.0032. The coin’s overhead resistance was set at $0.0035. After breaking through the $0.0035 barrier, the other price ceilings were $0.0040 and then $0.0046.

See also  Bitcoin Cash, MATIC, ZCash Price Movement Analysis for 11th July, 2021

However, indicators pointed to a downward price movement.

The Relative Strength Index was below the half-line, and purchasing power was also negative. On the histogram, MACD flashed red bars.

Green signal bars were observed by Awesome Oscillator.

The drop could be caused by a decrease in buying power. The support zone ranged from $0.0032 to $0.0028.

 

Dogecoin (DOGE)

Cardano, BitTorrent and Dogecoin Price Analysis: 25 September

DOGE/USD, TradingView

Dogecoin has recovered 3.4 percent in the last 24 hours and is now trading at $0.20. Immediate resistance was at $0.21, followed by $0.24. The indicators showed signs of recovery, but key parameters were bearish.

The Relative Strength Index had fallen below the half-line and was now at 40. The red bars on the MACD histograms have receded in recent trading sessions.

Bollinger Bands remained parallel, implying that Dogecoin may experience some consolidation.

If the altcoin falls in price, Dogecoin will trade near its support level of $0.19.

 

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