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Cardano rallies ahead of SundaeSwap launchAfter providing the roadmap for 2022, the ADA (Cardano) token has increased in price quite impulsively. Its price surged to just over $1.60 on Tuesday from Sunday’s lows of $1.28, before retreating to $1.48. The growth was stopped at $1.60, which intersects with the dynamic resistance line of the downtrend. Given that the crypto market is currently under pressure, there is a possibility of a retest of the support level, which is at around $ 1.10. But most likely, we will see this level again, since it has repeatedly demonstrated stability. After the formation of the "Double Bottom" technical analysis figure, there is a possibility of recovery and growth to an important resistance level at $1.80. This level has also repeatedly prevented the price from going up, but against the background of positive events within the project, there may be a breakdown of resistance and a reversal of the downtrend. 2021 was an important year for Cardano demonstrating a performance of +691% and outperforming both Bitcoin and Ethereum with performances 75% and 453% respectively, according to CoinMarketCap. Analysts predict a strong 2022, supported by Cardano’s recent developments in decentralised finance, non-fungible tokens and the metaverse, as well as progress on scaling. Specifically, Cardano's price has surged ahead of the launch of an upcoming cryptocurrency exchange called SundaeSwap. Moreover, Cardano-based NFTs are now entering the NFT space with projects like Clay Mates, Yummi Universe, Spacebudz, Pavia, and Cardano Kidz.
CAPITALCOM:ADAUSD
by Capitalcom
Incoming Trend Reversal ConfirmationZooming in on the Daily chart to 2 and 4 hours, Mana broke out of the descending wedge and retested the bottom of the ascending channel, attempting a reversal in trend. Should it break through $2.96, there is nothing keeping it from entering the mid $3.20's for the first time in 10 days. Depending upon volume, there is always minor resistance at the middle of the ascending channel that sometimes sends it back down to the support before heading up. Volume is still low, any increases as of late have simply been a small number of people shorting the small bumps, which is totally fine (I do it because trend reversals need to set up first to have a meaningful move higher and is oftentimes more predictable). You'll notice that when it simply bounces, w/o a set up like on January 5-6 (28% in 16 hours) it gets rejected just as hard in the following day(s). But, this was an indicator that a trend reversal was inbound and that's where we are at, looking for a confirmation of the break-out in the coming hours. These are just the ideas that I am reading on the short-term chart and not financial advice. The MACD is not looking fantastic. Mana is back at the baseline of the Stoch RSI, supporting another attempt at moving higher...or at least not moving much lower. What we don't want to see is a close below $2.90 as that could lead to a short-term test of $2.50 area. The long weekend is coming to an end and I anticipate some higher volumes tonight and into tomorrow. As always, keep an eye on the Fed. news, BTC movement, and how Wall Street is trending. Keep a stop loss...still very volatile. Mine are a little loose right now because volatility goes both ways. Good luck.
MLong
by keykomg
One of largest Metaverse Projects on PolkaDot: Bit.CountryJust a quick fundamental update on DOT - one of 2022's top Metaverse projects that is in early access mode and has a parachain slot on kusama already is on PolkaDot! The PolkaDot ecocystem is going to grow exponentially in 2022 and it will be led by all sorts of projects from DeFi, to computational data layers, to gaming / metaverse / P2Es and NFTs. This is a longer term bullish catalyst for DOT and its massively growing ecosystem. Bit.Country is already in early access mode and will have some much larger announcements in coming days... typically when there is no news at all and sentiment is low, it's a good idea to accumulate before the major rush of investors come swooning in. bit.country
KRAKEN:DOTUSDLong
by ich1baN
4
🌳NEAR is about to fall ( a little Bit)Hello every one NEAR/USDT NEAR Is in an Ascending Channel and The Price is now Right at The Top of The Mentioned Channel The Price Shall Fall From Here & we Expect It To Touch The Support Levels Which we Drawn On The Chart. The Middle Line of The Channel Can be a Good Support (MInor Support) There is a Regular Bearish Divergence (-RD) On MACD as Well which Strengthen This Bearish Prediction. There is also a Slight Chance That It Would Fall to It's Major Support as Well. The Price Movement might Be Like what's drawn on The Chart. 🟡What Is NEAR Protocol (NEAR)? NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.” Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
21
🌳 An analysis about ALICE SituationHello every one ALICE/USDT ALICE is in a Falling Wedge Pattern. The Price is ranging In this Pattern and the break out has Not Happened Yet. When The Break out Happens, We Expect The Price To Increase To The Top of The Falling Wedge Pattern. The Two finger Points Which are on The Chart, Shows That Each Time The Price Reached around 10$,It made a heavy Pullback So why wouldn't It do it again? The Major Support is at 10$. The Target & Resistance is shown on The Chart (The zone Between 14.8 to 16$). and also There is a Regular Bullish Divergence (+RD) On MACD as well Which Strengthen The Bullish Prediction. 🟡What Is Alice? My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. Inspired by successful games such as Animal Crossing, the game combines the best of the two worlds - a fun narrative for regular players who want to enjoy the gameplay experience as well as an ecosystem for players who want to collect and trade Non-Fungible Tokens (NFTs). ALICE is My Neighbor Alice’s native utility token and is used in the following functions: In-game Currency: Purchase assets and special skill sets in the game and in Alice's marketplace. Governance: Participate in the governance process through a Decentralized Autonomous Organization (DAO), with proposals and voting structures (e.g. platform operations and development). Voter incentives will be introduced to encourage voter participation. Staking: Stake ALICE tokens to earn a percentage of platform revenues (e.g. plot sales, asset sales, and transaction fees). Player Incentives: By completing quests in the game, players can earn ALICE tokens. This design is to encourage user participation in the game and to maintain traction. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
25