Cardano

Solana

Polkadot

Dogecoin

Terra

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/altcoins-technical-analysis-for-august-ada-sol-dot-lunc-doge-2/">Altcoins Technical Analysis for August; ADA, SOL, DOT, LUNC &amp; DOGE</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>The crypto space continues to remain within the same narrow region as the tokens undergo a minor upswing compared to the previous day’s close. Not much variation has been recorded since then as the star crypto continues to chop around $29,500, failing to rise above these levels. While some of the popular altcoins are displaying enough bullish momentum and appear to be waiting for the right time to trigger a breakout.&nbsp;</p>
<h2 id="cardano-ada" class="wp-block-heading">Cardano (ADA)&nbsp;</h2>
<figure class="wp-block-image">
 <img src="https://lh6.googleusercontent.com/ByenWPOSbodjqqeSrlKvGD30rpNek9Qs7fCAOTeHY21aIjHnR-iYpj_jonVlmVL3pxZ2sTVFnphrc7FwTYaarUo0wAHpNJ0OtJYhynm986kTFGPK34OoK-jDTfyBUoJb3QnXbjQbojESNz4jMr2tBBk" alt="">
</figure>
<ul>
 <li>The Cardano price continues to maintain a choppy upswing without major price variations, indicating the bulls hold their strength until the month end</li>
 <li></li>
 <li>While the RSI is rising firmly towards overbought levels, which may lift the price towards $0.359 levels, enabling a further rise toward the first target at $0.45</li>
</ul>
<ul>
 <li>Therefore, the monthly analysis of ADA price remains bullish, while, the price could maintain a healthy upswing for the first few days of August or until the end of the week</li>
</ul>
<h2 id="solana-sol" class="wp-block-heading">Solana (SOL)</h2>
<figure class="wp-block-image">
 <img src="https://lh4.googleusercontent.com/acxhvO0OH6oNeC2viWHsbnk5b4OhTUokKCiy8p4cIBGvRpCIja32R5AgBHoxD95Ub4VJVAWFEYSi36rDGtzekzaAVOGRu6LMAYdXRvQJQ9HDkoYkdxI7HEn3rNx40nCfbvV8WaJonRodmE74J6eicL8" alt="">
</figure>
<ul>
 <li>After the price rebounded from the lows in June, the token maintained a healthy upswing throughout July to mark the yearly highs of around $32</li>
</ul>
<ul>
 <li>The trend has now regained within the bullish pattern and displays the probability of triggering a bullish breakout in the next few days</li>
</ul>
<ul>
 <li>However, the RSI and MACD continue to remain bearish which suggests, the Solana price may continue with a sideway trend for a while, and with the flow of buying pressure, a decent upswing may be imminent.&nbsp;</li>
</ul>
<h2 id="polkadot-dot" class="wp-block-heading">Polkadot (DOT)&nbsp;</h2>
<figure class="wp-block-image">
 <img src="https://lh4.googleusercontent.com/0btw064MMjfXUCzkHBgJRiiKTvhtFyaD959_Qv-TXWeYtjIQtVFJB7q8dhjywbgZkVfFk9X3CkZcVsijCZ11s4MML9Q66EZ1fXA1S4NryxRCbDPhfYjius1AgpiUvahCFb4hzYet9erql41CZZ5v0ss" alt="">
</figure>
<ul>
 <li>Polkadot has waned its popularity in recent times despite the price maintaining acute strength by trading within an ascending triangle forming constant higher highs and lows</li>
</ul>
<ul>
 <li>The trading volume maintains decent levels which suggest the bulls and bears are active, compelling the price to trade within a narrow region.&nbsp;</li>
</ul>
<ul>
 <li>As the RSI is trading flat MACD does not show signs of a bullish reversal due to which the DOT price may consolidate within an ascending triangle to reach the apex, which may be followed by a bullish breakout above $5.5</li>
</ul>
<h2 id="terra-luna-classic-lunc" class="wp-block-heading">Terra LUNA Classic (LUNC)&nbsp;</h2>
<figure class="wp-block-image">
 <img src="https://lh5.googleusercontent.com/AeUbUp67HP29Y7hanQyNiekEUsRvxmuReErHL_YNXQRLaG_DF0_7z78x1yyrUtfAWRdPCTM99m-1CvrNDwNSeFYxXOv0lkbx7AnRd1FD7UpRBkektM2K6hsEs3D-MeRWkDGKEHAcgBPFwNsHQc1yTdU" alt="">
</figure>
<ul>
 <li>Terra LUNA classic was gaining some traction in recent days, while the price action remained largely sluggish.</li>
</ul>
<ul>
 <li>The volume also has dried up to a large extent which is majorly dominated by the bears but the ADX indicating the strength of the rally displays a bullish divergence. Hence, the LUNC price may maintain a sideway trend until it reaches the apex and undergoes a significant price action.&nbsp;</li>
</ul>
<ul>
 <li>While a breakout from the descending triangle results in a minor pullback, the LUNC price may marginally drop below the lower support, suggesting a correction, followed by a bullish breakout to reclaim the lost levels.&nbsp;</li>
</ul>
<h2 id="dogecoin-doge" class="wp-block-heading">Dogecoin (DOGE)&nbsp;</h2>
<figure class="wp-block-image">
 <img src="https://lh4.googleusercontent.com/IFhs-Q14IVhRW9wF2tc6nRHm5u8zEnsnFDEwREpM1YuvpJGl0sxkuWYk6zrU01ccju6BzWKdduboOZlbLcCF0LjUVtxve68SP55n8dR0ARoafswilzvLupJakUVz81Dxow8JaTKccoytGp8BFxNzJPQ" alt="">
</figure>
<ul>
 <li>Being largely diverse from the other popular tokens in the market, the Dogecoin price has manifested acute strength, breaking above the descending triangle</li>
</ul>
<ul>
 <li>However, after lifting the price relatively high, the bulls appear to have exhausted themselves, which is now causing the DOGE price to face a minor pullback</li>
</ul>
<ul>
 <li>As the RSI is showing some signs of a plunge, it may drag the DOGE price lower towards the support zone which may trigger a healthy rebound towards the first target at $0.09.&nbsp;</li>
</ul>

Altcoins Technical Analysis for August; ADA, SOL, DOT, LUNC & DOGE

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