Cardano broke out past the $1 level and retested it as a support, aiming at $1.34 as a goal. Crypto.com Coin ended a long time of consolidation and broke out strongly in the last few days. Synthetix has been able to post some losses in the coming hours.
ADA rose above the $1 mark and retested the mark as support. Subsequently, ADA continued to rise, maintaining a value of $1.11 at the time of publishing. The RSI was firmly in support of the bulls, and the next goal was a 27 per cent rise to $1.38.
The surge above and re-test of the $1 level occurred at a high trading rate, making this region strongly supported should ADA decline again.
Crypto.com Coin [CRO]
CRO stopped its downtrend and started trading between $0.057 and $0.081, with levels of importance between the highs and lows indicated on the map. Over the past few weeks, CRO has seen a market breakout and re-tested the range highs before recording solid gains.
On the 4-hour map, the 20 SMA (white) failed to keep pace with the CRO gains. The amount of trade was important, but not exceptional. In all, it points to a strong upward trend.
The $0.13 mark and the $0.115 mark could be good buying opportunities if CRO lost the $0.13 mark. Until that happens, the bulls can be expected to drive the price higher.
Synthetix sunk below the $24 level and even the $23.1 region that the Visible Range Volume Profile showed was an area of intense trading activity. Using the VPVR to map possible areas of strong support, it can be seen that below $23.1, the next level of importance is $21.
The Amazing Oscillator shifted below the zero line to denote the bearish momentum, while the green bars were seen due to the $22 point bounce. The Chaikin Money Flow was above +0.05 for nett capital inflows to the SNX market-but this is likely to change if SNX is forced below $23 again.
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