קאַרדאַנאָ, אַלגאָראַנד, פילעקאָין פּרייס אַנאַליסיס: 13 יאנואר

As market leaders paved the recovery path, Cardano crossed its 4-hour EMA ribbons while flipping the $1.2-mark as support. Also, Algorand and Filecoin managed to flip their near-term SMA’s from resistance to support while reclaiming crucial price levels.

However, it may be too harsh to assume a solid trend reversal until the bulls marked a sustained close above the long-term bearish trendlines. Further, they needed to step in with increased volumes to support a promising rally. 

קאַרדאַנאָ (אַדאַ)

מקור: TradingView, ADA / USDT

ADA’s broadening wedge (white) downturned from the $1.5-mark resistance. As a result, it saw a 32.84% down-channel retracement (from 27 December high) until it poked its six-month low on 10 January. 

בשעת די 20-EMA stood as a strong resistance throughout the downfall, the recent bull run found a convincing close above all the EMA ריבאַנז. Now, as ADA tested the $1.3-resistance, the bulls reclaimed the vital $1.2-support.

אין דרוק צייט, ADA איז געווען 1.284 $. די רסי saw an expected upturn after forming an ascending triangle on the 4-hour timeframe. Now, it dipped from the overbought region and showed slowing signs. Besides, the באַנד אַסאַלייטער struggled to flash higher volumes, depicting a weak broader trend.

אַלגאָראַנד (ALGO)

מקור: TradingView, ALGO / USD

ALGO formed a rising wedge (white) on its 4-hour chart and saw an expected reversal from the $1.84-mark. The 5 January sell-off acted as an impetus to this trajectory as the alt lost nearly 30% of its value until 10 January.

Since then, ALGO saw a decent recovery attempt as it flipped the 20-סמאַ (red) from resistance to support. The immediate testing point for the bulls now is the $1.5-level.

At press time, ALGO traded at $1.436. The רסי stood at the 48-mark after an uptrend. Meanwhile, the דמי supported the bears, but the אַדקס displayed a weak directional trend. Also, the recent pullback volumes have been higher than buying volumes, giving the bears a slight edge.

פילעקאָין (FIL)

מקור: TradingView, FIL / USD

The alt saw a 31.97% retracement (from 5 January) from the crucial $35-mark resistance (previous support). On its 4-hour chart, FIL saw a descending channel (yellow) breakout over the past day. 

The 14.4% recovery (from 10 January low) helped the alt to stall the heightened sell-off situation. However, considering the long-term bearish tendencies, the סופּערטרענד preferred the sellers. The immediate testing support now stood at the 20-סמאַ (ציאַן).

At press time, FIL traded at $30.03. The רסי finally crossed the midline and tested the 58-mark resistance before a marginal dip. Moreover, the קוועטשן מאָמענטום ינדיקאַטאָר indicated a high volatility phase by flashing grey dots.