XRP, Cardano and Dogecoin Price Analysis: 08 August

dogecoin doge group included with all crypto currency coin bitcoin ethereum eth binance coin symbol scaled

As the broader crypto market gained strength over the last few days, major altcoins including XRP, ADA and DOGE jumped to higher levels. XRP managed to slice through its immediate resistance of $0.77, while ADA, despite lateral movement traded away from its support level of $1.38. Finally, Dogecoin rallied and was on its way to cross the $0.284 level resistance mark.

XRP

XRP, Cardano and Dogecoin Price Analysis: 08 August XRP/USD, TradingView

XRP’s price at press time was $0.80. The coin cut through its major resistance level of $0.77, just 48 hours back. XRP prices, however, retraced slightly as the token’s value, retreated from $0.82 today. On the upside, it awaits to touch the $0.82 level again.

Indicators painted a positive picture as the MACD continued to flash bullish signals after picturing green histograms at press time. Awesome Oscillator also observed long green signal bars suggesting an uptrend in prices.

Bollinger Bands, however, noted strong divergence implying high market volatility. In case of prices falling further, XRP could find support at $0.77 and $0.71.

Cardano (ADA)

XRP, Cardano and Dogecoin Price Analysis: 08 August ADA/USD, TradingView

Cardano’s price at the time of writing was $1.47 and the technical analysis chart points towards the beginning of a lateral movement. ADA’s resistance level was at $1.47 as it had attempted to push through this level a few times today.

The Awesome Oscillator flashed two red signal bars as price movement turned bearish over the past few trading sessions. However, at press time, it displayed a green signal bar indicating that bulls haven’t lost all the strength. Buying strength remained in the market as the Relative Strength Index remained well within the bullish zone.

Bollinger Bands gave off signs of strong volatility as it expanded. On the flip side, if ADA’s lateral movement continued over the next trading sessions, the consecutive support levels are $1.38 and $1.33.

On the Alonzo developmental front, Cardano, in a recent tweet discussed entering the “purple” phase.

Dogecoin (DOGE)

XRP, Cardano and Dogecoin Price Analysis: 08 August DOGE/USD, TradingView

Dogecoin’s prices reacted strongly to the market-wide uptrend as it rallied 19.5% over the last 24 hours. Prices stood at $0.261 as it approached its next resistance of $0.284. Awesome Oscillator noted growing green signal bars implying that DOGE was experiencing a bull run.

Buying pressure mounted as the Relative Strength Index stood at 76, a reading that signified overbought conditions. Correspondingly, the Chaikin Money Flow too remained above the midline into bullish territory as it continued to emanate increased capital inflows over outflows at press time.

In case of a fall, which seems unlikely just over the immediate trading sessions, the support level for DOGE remains at $0.224.

Ronnie Huss

Ronnie Huss

Leave a Reply

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

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 67,000.95
ethereum
Ethereum (ETH) $ 3,223.39
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 580.81
solana
Solana (SOL) $ 151.58
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,214.50
xrp
XRP (XRP) $ 0.543121
dogecoin
Dogecoin (DOGE) $ 0.172895
the-open-network
Toncoin (TON) $ 6.82
cardano
Cardano (ADA) $ 0.500693
avalanche-2
Avalanche (AVAX) $ 38.36
shiba-inu
Shiba Inu (SHIB) $ 0.000024
bitcoin-cash
Bitcoin Cash (BCH) $ 543.84
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,669.86
tron
TRON (TRX) $ 0.114223
polkadot
Polkadot (DOT) $ 7.14
chainlink
Chainlink (LINK) $ 15.09
matic-network
Polygon (MATIC) $ 0.757694
litecoin
Litecoin (LTC) $ 85.72
internet-computer
Internet Computer (ICP) $ 13.46
near
NEAR Protocol (NEAR) $ 5.71
uniswap
Uniswap (UNI) $ 7.73
leo-token
LEO Token (LEO) $ 5.77
dai
Dai (DAI) $ 0.999122
ethereum-classic
Ethereum Classic (ETC) $ 29.32
aptos
Aptos (APT) $ 9.59
first-digital-usd
First Digital USD (FDUSD) $ 1.00
blockstack
Stacks (STX) $ 2.58
mantle
Mantle (MNT) $ 1.13
crypto-com-chain
Cronos (CRO) $ 0.138655
cosmos
Cosmos Hub (ATOM) $ 9.16
bittensor
Bittensor (TAO) $ 542.87
filecoin
Filecoin (FIL) $ 6.56
stellar
Stellar (XLM) $ 0.113445
okb
OKB (OKB) $ 53.13
vechain
VeChain (VET) $ 0.043294
render-token
Render (RNDR) $ 8.05
arbitrum
Arbitrum (ARB) $ 1.16
hedera-hashgraph
Hedera (HBAR) $ 0.084579
immutable-x
Immutable (IMX) $ 2.11
kaspa
Kaspa (KAS) $ 0.124331
maker
Maker (MKR) $ 2,933.20
dogwifcoin
dogwifhat (WIF) $ 2.59
pepe
Pepe (PEPE) $ 0.000006
the-graph
The Graph (GRT) $ 0.260967
optimism
Optimism (OP) $ 2.40
ethena-usde
Ethena USDe (USDE) $ 1.00
theta-token
Theta Network (THETA) $ 2.37
injective-protocol
Injective (INJ) $ 25.98