Cardano, Coin, Synthetix Price Movement Analysis for 21st February 2021

Spread the love

Cardano broke out past the $1 level and retested it as a support, aiming at $1.34 as a goal. 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.

Cardano [ADA]

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. Coin [CRO]

Cardano, Coin, Synthetix Price Analysis: 21 February

Source: CRO/USDT on TradingView

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.

RECOMMENDED READ:  Bitcoin Price Falters as Pundit Warns of Incoming Crash

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 [SNX]

Cardano, Coin, Synthetix Price Analysis: 21 February

Source: SNX/USDT on TradingView

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.

RECOMMENDED READ:  Ransomware Group Threatens Auction of Madonna's Legal Data

 282 Interactions,  2 today

 EOS, Synthetix Price Movement Analysis for 7th March, 2021

EOS offered an addition to the $4 mark, but needed to break out of its close channel. Finally, SNX will Read more

Chainlink, Synthetix, Verge Price Movement Analysis for 5th March, 2021

The altcoin market has shown that market bulls have been on the rise over the past week, with the same Read more

Dogecoin, DigiByte, Synthetix, Tezos Price Movement Analysis for  3rd March, 2021

Popular Meme Coin Dogecoin appeared to be in the delivery process, when the sale of pressure gathered steam. DigiByte was Read more

Synthetix, Tron, XRP Price Movement Analysis for 28th February 2021

After bitcoin missed out on the $45,000 mark, the larger market saw another sell-off and most of the altcoins reported Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us