The post Altcoins Technical Analysis for August; ADA, SOL, DOT, LUNC & DOGE appeared first on Coinpedia Fintech News
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.
Cardano (ADA)
The Cardano price continues to maintain a choppy upswing without major price variations, indicating the bulls hold their strength until the month end
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
Therefore, the monthly analysis of ADA price remains bullish, while, the price could maintain a healthy upswing for the first
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