Cardano threatened to fall below the $ 1.16 support, but this was in line with near-term expectations. Tezos again neared the upper barrier of $ 5.4 but was not set for a breakout. Finally, Hedera Hashgraph could see rangebound movement if the current support level is maintained.
There has been little development in the Cardano market in the past 24 hours, despite the price testing the lower support line of $ 1.16. A drop below this level was as expected and the USD 1.1 and USD 1.06 areas can be used to open long trades. The OBV was well below the level on March 18, as the buying pressure at the current price remained subdued.
The MACD was in the bearish area below the half-line indicating additional short-term losses. Given the above factors, the market wasn’t ready to break the $ 1.34 price cap just yet.
A rebound in the Tezos market successfully completed after hitting the cap of $ 5.4 – a level seen before the retreat in late February. The next advance for the cops was above that upper ceiling and at the $ 6 mark.
Although XTZ moved on the south side after a bearish divergence RSIThe bulls held the $ 4.7 support. The MACD It was even nearing a bullish crossover as the price neared the cap again at the time of writing. However, the trading volume was lower and a breakout could not be sustained even if it does occur in the upcoming sessions. In the event of a downturn, the price could move towards a strong support region of $ 4.5 which can also be used to initiate some long trades.
Hedera hash graph [HBAR]
Hedera Hashgraph continued to move south after being turned down with a resistance of $ 0.42. At press time, the price was hovering just above support at $ 0.308 and the bulls prevented the 4-hour charts from collapsing. Successful defense of this level can lead to more range-bound behavior than the condensed nature of the Bollinger Bands not permitted for large price fluctuations.
The RSI avoided the oversold region and pointed north from 40. Since trading volumes were not very noticeable, an upside breakout did not seem likely, at least in the short term. In the event of a downturn, support levels are at $ 0.27 and $ 0.25.
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