Friday, March 31, 2023
No Result
View All Result
Blockchain Daily Report
Advertisement
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
Logo
No Result
View All Result
Home Bitcoin

ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend – Market Updates Bitcoin News

by Blockchain Daily Report
December 16, 2022
in Bitcoin
Reading Time: 4 mins read
A A
0
ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend – Market Updates Bitcoin News
Share on FacebookShare on Twitter


Cardano fell to an all-time low on Friday, as sentiment in crypto markets remained bearish in immediately’s session. The token fell for a 3rd consecutive day, with costs transferring beneath a key value ground within the course of. Polygon additionally prolonged latest declines, hitting a multi-week low because of this.

Cardano (ADA)

Cardano (ADA) hit an all-time low in immediately’s session, as sentiment in cryptocurrency markets stays bearish, following latest financial information.

ADA/USD dropped to an intraday low of $0.2845 earlier in immediately’s session, lower than a day after buying and selling at $0.3026.

At present’s sell-off comes as cardano fell for a 3rd straight session, breaking out of a key assist level within the course of.

Biggest Movers: ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend
ADA/USD – Each day Chart

Trying on the chart, the aforementioned ground is on the $0.3000 mark, which was damaged as soon as earlier than, on November 21.

The 14-day relative power index (RSI) additionally moved beneath a ground of 35.50, and as of writing is monitoring at 30.91.

That is the bottom level the index has hit since October 22, with costs hitting a backside of $0.3100 on that event.

Polygon (MATIC)

Polygon (MATIC) was one other notable token to fall immediately, with costs additionally transferring decrease for a 3rd straight day.

Following a excessive of $0.891 on Thursday, MATIC/USD dropped to a backside of $0.8483 earlier within the day.

Because of this drop, polygon moved to its lowest level since November 30, when costs hit a backside of $0.837

Biggest Movers: ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend
MATIC/USD – Each day Chart

MATIC has since rebounded from earlier lows, and is at the moment buying and selling at $0.8569, which remains to be almost 4% decrease than Thursday’s ground.

This slight rebound comes because the RSI rejected a breakout of a degree of assist on the 43.00 stage, and the index is at the moment on the 44.26 mark.

Traditionally, bulls have used this ground as a degree of reentry, and may this reoccur, then we might see MATIC transfer again in the direction of the $0.90 stage.

Register your electronic mail right here to get weekly value evaluation updates despatched to your inbox:

What different elements are behind immediately’s decline in crypto costs? Tell us your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic standpoint to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. At the moment, he acts as a commentator throughout numerous asset lessons, together with Crypto, Shares and FX.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Well-liked Information

In Case You Missed It



Source link

Tags: ADAAllTimeBitcoinDowntrendExtendsFridayHitsMarketMATICNewsUpdates
Share76Tweet47

Related Posts

Analyst Breaks Down Impact Of MicroStrategy Buys On Bitcoin

Analyst Breaks Down Impact Of MicroStrategy Buys On Bitcoin

by Blockchain Daily Report
March 30, 2023
0

A analysis agency has damaged down how the Bitcoin value has reacted to purchases Michael Saylor’s MicroStrategy has made through...

Bitcoin Advocacy Group Illuminates ECB, Eurotower, Encouraging Adoption And Education

Bitcoin Advocacy Group Illuminates ECB, Eurotower, Encouraging Adoption And Education

by Blockchain Daily Report
March 30, 2023
0

The "Bitman" collective advocated for Bitcoin adoption by illuminating the ECB constructing with the Bitcoin emblem. The "Bitman" collective, a...

Visa and Bitcoin Rewards App Fold Expand Partnership to New Regions

Visa and Bitcoin Rewards App Fold Expand Partnership to New Regions

by Blockchain Daily Report
March 30, 2023
0

Customers have been rewarded over $30 million in bitcoin for the reason that debit card launch however the expanded collaboration...

SEC Boss Gary Gensler Seeking $2.436 Billion To Protect Investors

SEC Boss Gary Gensler Seeking $2.436 Billion To Protect Investors

by Blockchain Daily Report
March 30, 2023
0

Earlier than the Subcommittee on Monetary Companies and Basic Authorities on March 29, Gary Gensler, the chairman of the US...

Different Types of Crypto Wallets Explained [2023]

Different Types of Crypto Wallets Explained [2023]

by Blockchain Daily Report
March 31, 2023
0

The Essential BitsA crypto pockets securely shops your personal keys, that are required to entry your funds on the blockchain....

Load More
  • Trending
  • Comments
  • Latest
Analyst Breaks Down Impact Of MicroStrategy Buys On Bitcoin

Analyst Breaks Down Impact Of MicroStrategy Buys On Bitcoin

March 30, 2023
Maximizing Value for Clients: Maggie O’Toole, VP of Strategic Partnerships at TabaPay

Maximizing Value for Clients: Maggie O’Toole, VP of Strategic Partnerships at TabaPay

March 30, 2023
Bitcoin Advocacy Group Illuminates ECB, Eurotower, Encouraging Adoption And Education

Bitcoin Advocacy Group Illuminates ECB, Eurotower, Encouraging Adoption And Education

March 30, 2023
USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?

USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?

March 30, 2023
Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI

Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI

March 30, 2023
Kraken Files Pre-Registration with Canada’s Ontario Regulator

Kraken Files Pre-Registration with Canada’s Ontario Regulator

March 30, 2023
Visa and Bitcoin Rewards App Fold Expand Partnership to New Regions

Visa and Bitcoin Rewards App Fold Expand Partnership to New Regions

March 30, 2023
NFT Tickets Are the Future of Live Events. Here’s Why.

NFT Tickets Are the Future of Live Events. Here’s Why.

March 30, 2023
Facebook Twitter Instagram Youtube RSS

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Blockchain Daily Report.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$28,084.00-1.25%
  • ethereumEthereum(ETH)$1,797.05-0.06%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$316.970.84%
  • usd-coinUSD Coin(USDC)$1.000.08%
  • rippleXRP(XRP)$0.54-2.47%
  • cardanoCardano(ADA)$0.376724-1.62%
  • staked-etherLido Staked Ether(STETH)$1,790.91-0.24%
  • dogecoinDogecoin(DOGE)$0.074552-1.75%