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Cardano, Qtum, Ontology Price Analysis: 24 January

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The cryptocurrency market has seen increased sideways movement in the past few days. Bitcoin’s value has also been moving within the confines of its support and resistance –  a trend also visible across the altcoin market. While major alts like Cardano was mirroring this Bitcoin trend, other small-cap alts like Qtum and Ontology were showing different trends in the market.

Cardano [ADA]

Source: ADAUSD on TradingView

The above chart of Cardano [ADA] showed that the price was consolidating between the support and resistance of $0.3351 and $0.3584. At the time of writing, ADA was trading at $0.3540, while embarking on a bullish journey.

The Relative Strength Index value was at 65, which was an indication that the digital asset was close to being overbought. This meant that the buying of Cardano was high and the digital asset was close to being overbought. However, it did not have the momentum to keep up with the current trend. The Awesome Oscillator indicator noted that the momentum in the market was extremely low.

Qtum [QTUM]

Source: QTUMUSD on TradingView

The value of QTUM had witnessed a sudden surge as the price was supported by the 50 moving average. The trend in the market changed to a bullish one and as it hit the resistance at $4.02 the price dropped. At the time of writing, QTUM was trading at $3.87 and the drop pushed it from the overbought zone.

The RSI showed that the sudden surge caused the asset to become overbought and witness a reversal in trend. The MACD indicator was also noting this bullishness as the green bars were increasing. However, the recent sell-off pushed it back within the equilibrium zone. Since the rise was sudden, there could also be a correction in the market, which may push the price close to the support at $3.42.

Ontology [ONT]

Source: ONTUSD on TradingView

The Ontology market has been witnessing strong bullish momentum over the past couple of days. This healthy increase in value was followed by a gradual downtrend in price which later reversed back into a steady uptrend. At press time, the Parabolic SAR markers are positioned under the candlesticks indicating bullishness for the coin’s price.

The Relative Strength Index noted that its value was close to the overbought zone indicating stability for the price as the buyers and sellers seem to be actively involved in trading the digital asset.

Source: https://ambcrypto.com/cardano-qtum-ontology-price-analysis-24-january/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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