XRP, Dogecoin and Cardano Price Analysis: August 14
XRP locked in a 13.6% gain while eyeing its $1.22 resistance level. Dogecoin, after logging gains, managed to stay afloat over the $0.26 support line and lastly, ADA’s movement seemed optimistic amid Alonzo launch date updates.
XRP rose by a sharp 13.6% over the last 24 hours, as prices touched a multi-month high of $1.16. The bulls had finally pushed above the resistance at $1.06 after it retested the level 24 hours ago. XRP could try to test immediate resistance level of $1.22. Technicals have remained extremely bullish for XRP.
Relative Strength Index shot into the overbought territory, but a reversal can be expected. Awesome Oscillator also signalled buying strength after displaying green signal bars above the midline. MACD noted a bullish crossover followed by the bulls regaining momentum.
If XRP fails to sustain at this current price level, the dip could land the asset on $1.06 support.
Dogecoin was up by 5.4% over the last 24 hours; it was priced at $0.29. This price marks a two-month high for Dogecoin. The four-hour chart displayed bullishness for the coin.
Relative Strength Index remained close to the overvalued zone; Awesome Oscillator flashed green signal bars, a reading that implied bullish trading.
Bollinger Bands remained parallel with little divergence, indicating that Doge would trade within a price range.
If prices retreat, support level for Doge lay at $0.26.
Bulls continue to push ADA’s prices higher as the coin noted a 9.1% hike over the last 24 hours. This surge in prices could be tied to the announcement of Cardano’s Smart Contract Launch date being announced. Cardano is all set to launch their main net launch of Alonzo HardFork on September 12.
Looking at the technicals, ADA was depicting an uptrend in prices. Relative Strength Index stood above 70, into the overbought zone. Awesome Oscillator flashed green signal bars to substantiate the same.
Chaikin Money Flow, despite a downtick in capital inflows, still remained positive. In case of an ADA pullback, it could fall on the $1.88 support line.
Subscribe to our NewsletterSource