Following Bitcoin’s recovery path, altcoins like ADA and SOL showed relatively improved price action. ADA could test immediate resistance at $ 1.47 and SOL saw a 1.5% rebound. THETA managed to soar above its $ 5.73 floor price despite a 3.4% decline in the past 24 hours.
Cardano rose significantly during the bull rally observed in the broader crypto market but failed to break the $ 1.47 resistance level. ADA had already hit the resistance line at $ 1.47 in the past 48 hours and was aiming to test the line for the third time when prices were at $ 1.46.
ADA’s charts showed mixed signals when Awesome Oscillator saw a green signal bar at press time after receiving a sustained bearish signal. MACD, on the other hand, was still observing red histograms.
Market volatility could ease slightly with the Bollinger Bands being constricted at press time. A decrease from current prices would mean ADA’s pricing is at $ 1.38.
Solana has seen its price jump 1.5% in the past 24 hours, and at press time the price was $ 38.90. SOL’s resistance level remains at $ 39.80, above which the coin attempted to tip on Aug. 7 and is currently heading towards that price cap.
However, as shown in the Relative Strength Index, purchasing power declined even though buyers preceded sellers in the market. MACD continued to see a bearish signal on the midline.
Finally, a bullish signal was discovered on Awesome Oscillator as a result of the price rally.
THETA down 3.4%; The price of the coin traded at $ 6.69 after falling after testing its resistance level of $ 6.70. The move south could cause it to fall and trade near the $ 5.73 support region.
The Relative Strength Index rose and fell above the mid-line, but again saw a downtrend that even implied buying and selling pressure. Chaikin Money Flow also resulted in a small decrease in capital inflows versus outflows.
Conversely, at press time, Awesome Oscillator noticed a small green signal indicating a bullish trading session. On the flip side, THETA might be looking at the cap of $ 7.28.