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Cardano, Chainlink, XRP Technical Analysis On 1 October 2020

KuCoin hackers sell over $17mln of stolen crypto through DEXES

October 1st 2020

While Bruce Banner turning green and transforming into the Incredible Hulk is often perceived to be scary, the crypto-verse turning green is rather beneficial for the industry. During the time of writing, the entire market seemed to be on an upward trajectory. The global crypto market cap followed the trail as it stood at $350.75 billion with a 1.85% daily increase.

Cardano [ADA]

ADA the tenth-largest cryptocurrency veered under the crypto spotlight with a 33.09% increase in price over the last seven days. The daily increase the altcoin recorded was 5.52% which further pushed its price to $0.1028. ADA beat Litecoin as its market cap stood at $3.2 billion.

The ADA market was dwelling on the positive side as strong bullish sentiment was witnessed. The MACD indicator went through a bullish crossover in September and seems to be clasping tight to the bullish fervor in the market. The Klinger Oscillator also underwent a bullish crossover and highlighted potential push through $0.105 which has been a critical resistance zone.

Chainlink [LINK]

After a brief setback, LINK took over the price change region by exhibiting significant increases over the last few days. While the altcoin was trading at $10.22 a 23.9% increase was noted over the last seven days. The market cap of LINK was recorded at $3.58 billion saving the coin a spot in the eighth position.

A sense of diverse sentiments was sensed in the LINK market. The Awesome Oscillator indicator formed green closing bars highlighting the presence of bulls in the market. However, the Relative Strength Index [RSI] chose to display a neutral sentiment. The RSI marker was at 50 median with no prominent buyer or seller activity.

XRP

While the community hopes to see XRP go beyond $1, the altcoin continued trading at $0.243. The coin endured a notable price change over the last seven days of 9.74%. XRP still remained below Tether in terms of market cap. During the time of writing, the coin’s market cap was at $11 billion.

It seems like XRP was going to stay below the dollar for some more time as the key indicators pointed out the same. Forming dotted lines above the candlesticks, the Parabolic SAR indicator prevented the chances of an upward breakout. Reposing below zero, the Chaikin Money Flow Indicator also revealed a bearish sentiment in the XRP market.

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XRP vi.be Editor

XRP vi.be Editor

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