Cardano

Bitcoin

Polkadot

Impact

Avalanche

<p>The post <a href="https://coinpedia.org/price-analysis/avalanche-cardano-polkadot-prices-go-against-market-trends-will-it-impact-bitcoin-ethereum/" rel="noopener noreferrer nofollow">Avalanche, Cardano, &amp; Polkadot Prices Go Against Market Trends: Will It Impact Bitcoin &amp; Ethereum?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<h2 class="wp-block-heading" id="h-avalanche-avax-price-analysis">Avalanche (AVAX) Price Analysis</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/GW4HbW-6nqfyr8Rm0OFfWF7rhi2l28IAgrd2pE_OPPOKtbPOs5NzIjV3Ij-fIWf3ND62rZqj0Pe4HRDZ3pOFX1WY6s2kkvZht1yOwFtDI8R8bbhVwdhviJe-WDXxf-VXCBnkXdtITbnFNUoWIRgYz70" alt="">
</figure>
<ul>
 <li>The <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Avalanche price</a> accumulated along the crucial resistance zone around $20 for a while and further triggered a massive upswing to mark the yearly highs above $40</li>
</ul>
<ul>
 <li>The price surged beyond 0.5 FIB levels and soared above the interim resistance at $38.56 but is facing upward pressure in testing FIB levels at 1</li>
</ul>
<ul>
 <li>The AVAX price could consolidate around the same levels for some time and further trigger a breakout to the next target of around $58 at FIB 1.2 levels</li>
</ul>
<ul>
 <li>As the RSI is in the bullish zone, the possibility of a minor pullback emerges, which may hinder the progress of the rally for a while</li>
</ul>
<h3 class="wp-block-heading" id="h-cardano-ada-price-analysis">Cardano (ADA) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/yWNkNMlWx5QRbjITSkN8LoJ8AuT3iNsmPBJZ5KiLUKeHuUNLA-_pyqKziZOsWCZXILdP7X6OnpG7m0cNXjrqGY0eZwjtxcgCEwaFSQhriZkMZ3AN2qZeorMRVo4WpmFqEPXkxMoGNAXa85Ys1RSSUC0" alt="">
</figure>
<ul>
 <li>The <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">ADA price</a> has been within the consolidating zone for more than 20 months and the latest price action enabled a breakout&nbsp;</li>
</ul>
<ul>
 <li>With more than a 50% jump in the past week, the token recorded the highest weekly close since March 2022, indicating a rise above the bearish claws</li>
</ul>
<ul>
 <li>Besides, the DMI is raising some concerns as the ADX is displaying a bearish divergence while the +Di &amp; -Di levels remain under bullish influence</li>
</ul>
<ul>
 <li>Now that the ADA price is testing one of the crucial resistances at $0.594, a rise above $0.67 could raise the token towards the upper targets.</li>
</ul>
<h3 class="wp-block-heading" id="h-polkadot-dot-price-analysis">Polkadot (DOT) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/LlBR7eZKHUh8dpOAC6r_hTXT6A60f8w2po0Z-QuzwHYDJdj554VIovfaajjXyicHc7HEr15MewfDCAt-P0QCeZgHLaCLJLUXqme2dvEebyEl-ewoLUWcjrtdqjNywHfxGtTn7pz4QRzNWh9D5JRsXD4" alt="">
</figure>
<ul>
 <li>The <a href="https://coinpedia.org/price-prediction/polkadot-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Polkadot price</a> is testing the crucial resistance zone between $6.85 and $7.64 for the first time after facing a rejection in February 2023</li>
</ul>
<ul>
 <li>The trade pattern appears quite similar, with a large bullish candle testing the resistance and the very next candle being bearish, indicating a rejection&nbsp;</li>
</ul>
<ul>
 <li>However, the volume appears to be in the bullish direction; hence, a bullish breakout can be expected, which may lift the price beyond a double-digit figure</li>
</ul>
<ul>
 <li>Besides, if the bulls fail to hold the price within the resistance zone, the previous trade may repeat and the price may begin within a prolonged descending consolidation&nbsp;</li>
</ul>

Avalanche, Cardano, & Polkadot Prices Go Against Market Trends: Will It Impact Bitcoin & Ethereum?

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