Cardano

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoin-market-trends-cardano-avax-and-dogecoin-analysis/" data-wpel-link="internal">Altcoin Market Trends: Cardano, Avax, and Dogecoin Analysis</a><br></p>
<p class="p1" style="text-align: justify">The cryptocurrency market is seeing many altcoins continue to draw the attention of investors. Recent popular altcoin projects, especially with their rising momentum, continue to please investors. This situation encourages users in blockchain projects and leads to increased activities within the ecosystem. So, what’s happening with <strong>Cardano,</strong> Avax, and Dogecoin lately? Let’s take a look.</p> 
<h2 class="p1" style="text-align: justify" id="cardano-chart-analysis">Cardano Chart Analysis</h2> 
<p class="p1" style="text-align: justify">After struggling for a few days, Cardano gained momentum on February 14th, breaking above the sudden resistance level of $0.57. The rising 20-day EMA level at $0.54 and the RSI in the positive zone indicate a slight advantage for buyers. There’s a minor resistance at $0.62, but it is likely to be surpassed. The <strong><a href="https://en.coin-turk.com/cardano-fights-secs-accusation-of-being-a-security-ada-and-other-altcoins-face-strong-sell-off/" data-wpel-link="internal">ADA</a>/<a href="https://coin-turk.com/populer-altcoin-rezervini-buyutuyor-tam-28-milyar-dolarlik-bitcoin-btc" data-wpel-link="internal">USDT</a></strong> pair could then climb to the strong general resistance at $0.68.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-315867 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/ada-3.webp" alt="" width="1351" height="798"></p> 
<p class="p1" style="text-align: justify">On the downside, the important support to watch is at the moving averages. A break and close below the 50-day SMA level of $0.53 would indicate that the recent breakout could have been a bull trap. The pair could then drop to the solid support at $0.46.</p> 
<h2 class="p1" style="text-align: justify" id="avax-chart-analysis">Avax Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Buyers pushed <strong>Avax</strong> above the $42 peak resistance but failed to sustain higher levels as seen from the long wick on the February 15th candlestick.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-315866 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/avax-1.webp" alt="" width="1351" height="798"></p> 
<p class="p1" style="text-align: justify">The price could drop to the first support line, the 20-day EMA level at $37.87. If the price rebounds from the 20-day EMA level, the likelihood of breaking above $42 increases. If this occurs, the AVAX/USDT pair could trigger a rally towards $50 by completing a reverse head and shoulders bullish formation.</p> 
<p class="p1" style="text-align: justify">Conversely, if the price continues to fall and drops below the moving average, the pair could be expected to trade between $32 and $42 for a while.</p> 
<h2 class="p1" style="text-align: justify" id="dogecoin-chart-analysis">Dogecoin Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Dogecoin</strong> turned upwards from the 20-day EMA level of $0.08 on February 14th, breaking above the downtrend line and indicating buyers’ attempt to take control. If the price stays above the downtrend line, the DOGE/USDT pair is likely to gain momentum and rise towards the resistance zone between $0.10 and $0.11. A strong defense by sellers is expected in this area.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-315865 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/doge-grafik-1.webp" alt="" width="1351" height="798"></p> 
<p class="p1" style="text-align: justify">Alternatively, if the price falls and drops below the 20-day EMA level, it would indicate that each high level is being sold off. The pair could then fall to the rising trend line and subsequently to the strong support at $0.07.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/altcoin-market-trends-cardano-avax-and-dogecoin-analysis/" data-wpel-link="internal">Altcoin Market Trends: Cardano, Avax, and Dogecoin Analysis</a></h5>

Altcoin Market Trends: Cardano, Avax, and Dogecoin Analysis

Table of Contents

COINTURK NEWS

Other articles published on Feb 17, 2024

Famous Ethereum (ETH) looping DeFi $120m traders buy big into Kelexo (KLXO) presale as Ripple (XR...

The Bitcoin Halving Is Set To Happen in April 2024, Here’s What To Expect

Ether staking tops $85B, US banks fighting for BTC custody slice, and more: Hodler’s Digest, Feb....

Kelexo (KLXO) presale continues to make big traction from Tron (TRX) & Internet Computer (ICP) in...

Cardano Shows Strength Amid Bitcoin Surge, Will ADA Surge or Dip?

Can Injective (INJ) Price Reverse Course After 15% Decline?

Join our free newsletter for daily crypto updates!