After a minor slump of -0.28% over the last day as the global market cap fell to $359.3 billion. The uptrend was cut short, however, Bitcoin and the rest of the cryptocurrency market depicted hints of bullish revival in the coming days.
Cardano [ADA]:
Despite a fairly optimistic price action throughout the week, Cardano [ADA] took a plunge of 2.79% over the last day as it fell to $0.106. At the time of writing, the coin registered a market cap of $3.29 billion and a 24-hour trading volume of $653 million.
The dotted markers below Parabolic SAR provided vital support for the price candles from an extended downturn. RSI was also above the 50-median line and despite a minor fall, it exhibited a sentiment of high buying pressure among the participants in the coin market.
If the bullish phase continues, ADA could target an overhead resistance of $0.123, last seen in the first week of September. Its support stood firm at $0.0765
Chainlink [LINK]:
Chainlink [LINK] was currently trading in a tight range-bound. It sustained a decline of 2.47% over the past 24-hours which drove its price to $10.60 as it held a market cap of $3.71 billion and a 24-hour trading volume of $1.347 billion.
The LINK candles broke the resistance level of $10.55 and appeared to be trading close to it. The green closing bars of Awesome Oscillator depicted a bullish momentum for the coin which could potentially manage to retain the price candles above the said level. Chaikin Money Flow was also in the bullish territory indicating inflow of capital into the coin market.
If the bulls gain upper hand, LINK could target its previously breached resistance levels to climb $12.84. Its support level stood at $7.68
XRP:
Multiple attempts of a strong upside breakout halted as XRP suffered yet another drop of 2.43% over the last 24-hours. At the time of writing, XRP was valued at $0.245 with a market cap of $11.09 billion and a 24-hour trading volume of $1.77 billion.
XRP price candles were struggling to hold on to the recently breached $0.244 following the latest pullback. This prompted a bearish crossover by Klinger Oscillator. Additionally, the MACD also appeared to be heading for a bearish crossover in the near-term.
If the XRP bulls fail to retain the price above the current level, it could sustain a retracement to its immediate support of $0.222.
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