DOGE, ADA Nearly 10% Higher, as AXS Leads Today’s Gainers – Market Updates Bitcoin News

DOGE was higher during today’s session, as it was reported that a Bitcoin ATM operator added the token to its Kiosks. Cardano gained more recently after Coinbase revealed cardano staking. Despite this, it was axie infinity (AXS) that led Thursday’s gainers.

Axie Infinity – AXS

The token axie infinity (AXS) was up by almost 25% today, as traders continued to react to tweets from Axie Infinity that said that the ears of “Axies” will have their own cards for the first time ever.

The AXS/USD gained to $69.02 intraday after a lower of $50.76 Wednesday. during today’s session.

Today’s move came as AXS broke past its resistance level of $57, rising to its highest point since February 7 in the process.

AXS/USD – Daily Chart

After breaking out of one ceiling, today’s surge which saw prices climb by as much as 25%, rising to yet another point of resistance.

After a decline of $84, this new resistance is $69.24. It has been in force for six weeks.

The bulls are likely to be cognizant of this and will liquidate any gains in order not to create price uncertainty if bears return to the market.

Cardano (ADA)

Although dogecoin (DOGE) rose by as much as 10% on Thursday, these gains were not sustained as today’s trading session matured.

Cardano (ADA) however, traded close to 10% higher during the day and was currently up 9.29% at the time of writing.

Today’s rally was the sixth day in seven that the price of ADA has risen, with today’s gains taking it to the highest point since February 10.

ADA/USD – Daily Chart

The 14-day RSI rose to over 74 due to recent gains. That is the high point of price strength in August.

The chart shows that February 10, 2018, is a great indicator of the typical price movement at current levels. With ADA being overbought at this time, it could indicate that we are in for a reversal.

Recent rises in ADA were triggered by the recent news that Coinbase would allow for cardano (ADA staking services) to be used.

Are we expecting ADA prices to rise heading into weekend? We’d love to hear your comments in the comment section.

eliman@bitcoin.com'
Eliman Dambell

Eliman has a broad perspective on market analysis. He is a former brokerage director and retail trading teacher, and a market commentator for Crypto, Stocks and FX.




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