Dogecoin

Cardano

Terra Classic

Solana

Polkadot

The cryptocurrency market is currently experiencing minor upward movement compared to the previous day’s close. However, the overall trend remains relatively stable, with the leading cryptocurrency hovering around $29,500 without significant changes.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/57b3e4e238af4404984ddc8d2ae85882.gif" />On the other hand, several popular altcoins are showing signs of bullish momentum and seem to be patiently waiting for the right opportunity to initiate a breakout.<h3 id="cardano-ada">Cardano (ADA)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e3ac0894d99c4abea552631338d4dc6b.png" />The Cardano price shows a choppy upswing with minimal price fluctuations, suggesting that the bulls remain strong as the month progresses.The rising RSI is approaching overbought levels, <a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">potentially pushing the price</a> to around $0.359, leading to further gains towards the first target at $0.45.The overall monthly analysis for ADA price <a href="https://cryptosheadlines.com/binance-remains-bullish-amidst-sec-scrutiny-netflows-surpass-521m/" rel="noopener noreferrer nofollow">remains bullish</a>, and the price could sustain a healthy upward trend in the first few days of August or until the end of the week.<h3 id="solana-sol">Solana (SOL)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1f72714381fc497dab9e725e098fe8a9.png" />Solana’s price experienced a significant rebound from June’s lows, maintaining a healthy upward movement throughout July and <a href="https://cryptosheadlines.com/btc-supply-inactive-for-2-3-years-reaches-2-year-high-during-consolidation/" rel="noopener noreferrer nofollow">reaching a yearly</a> high of approximately $32.The current <a href="https://cryptosheadlines.com/xrps-bullish-trend-meets-resistance-at-0-80/" rel="noopener noreferrer nofollow">trend indicates a possibility of a bullish</a> breakout in the next few days, with the market regaining its bullish pattern.Despite this, the RSI and MACD indicators remain bearish, suggesting that Solana’s <a href="https://cryptosheadlines.com/shib-burn-rate-accelerates-price-continues-to-struggle-in-the-red-zone/" rel="noopener noreferrer nofollow">price might continue</a> with a sideways trend for a period. However, with increasing buying pressure, a notable upswing could be on the horizon.<h3 id="polkadot-dot">Polkadot (DOT)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bbf5d5f4f452474896091af359e1b1d9.png" />Polkadot’s popularity has decreased in recent times, but the price remains robust, trading within an ascending triangle pattern with higher highs and lows.The <a href="https://cryptosheadlines.com/unusual-trading-volumes-observed-for-4-altcoins-on-south-korean-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">trading volume</a> is decent, indicating both bulls and bears are actively involved, leading to the price staying in a narrow range.<a href="https://cryptosheadlines.com/shib-giveaway-announced-shib-holders-to-get-free-tokens/" rel="noopener noreferrer nofollow">Also Read: SHIB Giveaway Announced: SHIB Holders To Get Free Tokens</a>The RSI is flat, and the MACD does not show signs of a bullish reversal. As a result, the DOT <a href="https://cryptosheadlines.com/bitcoin-price-reaches-crucial-point-factors-that-could-spark-significant-surge/" rel="noopener noreferrer nofollow">price might consolidate within the ascending triangle until it reaches</a> the apex. A potential bullish breakout above $5.5 could follow thereafter.<h3 id="terra-luna-classic-lunc">Terra LUNA Classic (LUNC)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4f3f6dfee17d4db386038ad977e12e9e.png" />In recent days, <a href="https://cryptosheadlines.com/lunc-price-surges-by-40-as-terra-luna-classic-l1tf-collaborates-with-ustc-repeg/" rel="noopener noreferrer nofollow">Terra LUNA classic</a> showed some increasing interest, but the price movement remained sluggish.The <a href="https://cryptosheadlines.com/pepecoin-has-overtaken-dogecoin-and-shiba-inu-in-trading-volumes-due-to-profit-taking-by-early-buyers/" rel="noopener noreferrer nofollow">trading volume</a> has decreased significantly, mainly influenced by bearish sentiment. However, the ADX indicator shows a bullish divergence, indicating the strength of the rally.As a result, the <a href="https://cryptosheadlines.com/lunc-price-soars-8-as-terra-classic-unleashes-game-changing-v2-1-1-parity-upgrade/" rel="noopener noreferrer nofollow">LUNC</a> price might continue in a sideways trend until it reaches the apex of the descending triangle and experiences significant price action.During the breakout from the descending triangle, there might be a minor pullback, causing the LUNC <a href="https://cryptosheadlines.com/matic-usd-price-struggles-to-rebound-testing-support-levels-ahead/" rel="noopener noreferrer nofollow">price to briefly drop below the lower support level</a>, suggesting a correction. However, a subsequent bullish breakout is expected to help regain lost levels.<a href="https://cryptosheadlines.com/ada-sol-dot-lunc-doge-technical-analysis-for-august/" rel="noopener noreferrer nofollow"> Read More...</a>

ADA, SOL, DOT, LUNC & DOGE: Technical Analysis for August

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