Cardano, Cosmos, Hedera Hashgraph Price Analysis: April 17th

Cardano was moving within an ascending channel and a breakdown was projected as soon as it neared a resistance of $ 1.49. Cosmos could fall towards $ 24.4 or $ 23 before the next rebound, while Hedera Hashgraph would likely hit a high of $ 0.40 before pulling back.

Cardano [ADA]

Source: ADA / USD, TradingView

A breakout above the USD 1.33 resistance brought Cardano to a new ATH above USD 1.5, but the price fell to two support levels in the past few days. The first level of support at $ 1.38 was brought into focus after retreating from record levels, while further support at $ 1.33 was bought after a breakdown from an ascending channel (not shown). In the hourly timeframe, ADA was trading another ascending channel, and at the height of the pattern a break to the south was expected.

However, current market conditions have shifted slightly in favor of the bulls and the price could continue to float between the two trendlines before sellers take advantage of it. This could likely happen at the upper cap of $ 1.49. According to the Ingenious oscillatorThe momentum was bullish-neutral while the RSI pointed down from 50.

cosmos [ATOM]

Source: ATOM / USD, TradingView

While Cosmos was largely on the rise in March, a breakout above the $ 24.4 resistance resulted in a bullish rally that peaked at $ 28.5. A minor correction was countered with support at USD 25.3 and the bulls may have to defend this line again in the upcoming sessions.

The OBV made lower highs as selling pressures outweighed buying pressures. The ADX hit a high of 30 but fell below 22 at the time of writing, showing a weaker uptrend. Further drops at $ 24.4 or $ 23 could open buying opportunities before ATOM makes the next upswing.

Hedera hash graph [HBAR]

Source: HBAR / USD, TradingView

Hedera Hashgraph hit three highs in the 4 hour period, followed by a downtrend and a bullish rally from various levels of support. After the recent decline towards the USD 0.328 support, HBAR appeared poised to take the next leg up.

The Ingenious oscillator was below the half-mark but registered two consecutive green bars as the momentum seemed to shift the sides. A move above 0 could open some buy signals. The MACD The line has been closed on the signal line and a successful crossover would support a favorable result. A break above $ 0.38 was likely in a bullish scenario, but sellers were expected to step in at $ 0.40 resistance.

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