• Latest
  • Trending
Cardano, Synthetix, Zcash Price Analysis: 11 June

Cardano, Synthetix, Zcash Price Analysis: 11 June

June 12, 2021
Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

January 5, 2022
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

December 20, 2021
Here’s what global CEO’s think about cryptocurrency

Millennial millionaires plan to make more cryptocurrency investments in 2022: Survey

December 20, 2021
Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

December 20, 2021
Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

December 20, 2021
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

December 20, 2021
Need to Explain #Litecoin at #Thanksgiving? – Latest Tweet by Litecoin

@LinkSemper – Latest Tweet by Litecoin

December 20, 2021
BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

December 20, 2021
An LTC Move Back to $150 Should Support ETH and XRP

An LTC Move Back to $150 Should Support ETH and XRP

December 20, 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

December 20, 2021
Travel Co Travala.com Accepts Bitcoin Payments

Travel Co Travala.com Accepts Bitcoin Payments

December 20, 2021
Puerto Rico plans to combat corruption with blockchain

Puerto Rico plans to combat corruption with blockchain

December 20, 2021
Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

December 20, 2021
Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

December 20, 2021
City employees could see cryptocurrency payroll conversion options next year, first in nation

City employees could see cryptocurrency payroll conversion options next year, first in nation

December 20, 2021
Sunday, August 14, 2022
The Crypto Dirt
  • Home
  • Cryptocurrency
  • Blockchain
  • DeFi
  • NFT
  • Bitcoin
  • Ethereum
  • Altcoins
    • Cardano
    • XRP
    • Litecoin
    • Chainlink
  • Shit Coins
    • Dogecoin
  • Exchanges
No Result
View All Result
No Result
View All Result

Cardano, Synthetix, Zcash Price Analysis: 11 June

by TheCryptoDirt.com
June 12, 2021
in Cardano
0

YOU MAY ALSO LIKE

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

[ad_1]

Whereas a transfer above Cardano’s ascending triangle might see the worth head again in direction of $2, its technicals urged a break in the other way. Synthetix was tipped to defend $8.65 from a breakdown and rise north from its up-channel. Lastly, Zcash might hold itself grounded below its EMA Ribbons till the broader market recovers from its current lows.

Cardano [ADA]

Supply: ADA/USD, TradingView

Whereas Cardano’s short-term trajectory appeared somewhat bleak – candlesticks had been beneath all 3 transferring averages (20, 50, and 200 SMA), its long-term motion was anticipated to be bullish as per the formation of an ascending triangle. On the 4-hour timeframe, ADA fashioned a collection of upper lows and examined the $1.85-resistance a number of occasions for the reason that finish of Could. An ascending triangle appeared within the course of – A sample that normally sees a break to the upside.

Such an final result would additionally see ADA contact $2 for the primary time for the reason that 19 Could crypto-crash.

On the flip aspect, there have been close to equal possibilities of a breakdown in line with its indicators. The OBV moved south after 16 Could as promoting stress drove market costs. Even the RSI’s decrease trajectory flashed warning indicators out there. A transfer beneath the decrease trendline might drag ADA in direction of its subsequent protection at $1.24.

Synthetix [SNX]

Supply: SNX/USD, TradingView

With additional losses of 23% over the past seven days, Synthetix appeared to have borne the brunt of the market corrections on 19 Could. For the reason that day, SNX has failed to take care of key ranges on its 4-hour chart as bulls have needed to grapple with fixed promoting stress. The identical was outlined by OBV’s downtrend. SNX finally discovered a assist line at $8.65 – A stage final seen in January.

On the plus aspect, the formation of an up-channel injected some optimism out there. A break above the higher trendline and $10.7-resistance might set off a minor rally in direction of the $12-mark. The Stochastic RSI’s bullish crossover within the oversold zone urged that SNX was up for a reversal and all eyes can be on its overhead resistance transferring ahead.

Zcash [ZEC]

Supply: ZEC/USD, TradingView

Traditionally, Zcash has shared a robust correlation with Bitcoin, and its motion since 19 Could was a testomony to that reality. Upwards value motion within the BTC market has induced bullish sentiment within the ZEC market as properly however positive factors have been restricted on the sturdy resistance line of $190. When BTC retraced to $32,000 on 7 June, ZEC fell by almost 20% however defended the $120-support stage from a further breakdown.

For sure, ZEC’s short-term trajectory closely relied on the king coin’s path ahead. Beneath excessive bearish situations, its value might sink in direction of the demand zone between $85-$100. The constricted nature of ZEC’s EMA Ribbons urged some sideways motion in a bear market. The bands might additionally perform as resistance strains in case of an tried breakout.

In line with the Superior Oscillator, bearish momentum was on the up.


Subscribe to our Newsletter


[ad_2]

Source link

Tags: analysisCardanoJunepriceSynthetixZcash
ShareTweetShare

Search

No Result
View All Result
  • Privacy & Policy
  • About Us

© 2021 The Crypto Dirt  

No Result
View All Result
  • About Us
  • About Us
  • Attribution
  • Contact
  • Contact Us
  • Exchanges
  • Home
  • NFT
  • Privacy & Policy
  • Shit Coins

© 2021 The Crypto Dirt