Cardano, Dogecoin, BAT Price Analysis: 09 June

The cumulative market cap of the cryptocurrency industry was $275.543 billion, with a 24-hour trading volume of $73.602 billion, at the time of writing. However, as the cryptos tried to form an upward trend, sudden sell-offs pulled down the price of the market’s altcoins. This wasn’t helped by the fact that the world’s largest digital asset, Bitcoin, continued to remain under $10k and was trading at $9,678.49, at press time.

Cardano [ADA] 

Cardano, today, is one of the market’s top cryptocurrencies, with ADA having a market cap of $2.21 billion. The coin has been relishing its 149% growth since the beginning of the month, with the ADA market observed to be surging since the last week of May. ADA was being traded at $0.0851, at press time, with the resistance noted to be at $1.08 and the support at $0.0679.

However, while the coin has been on an uptrend, it is also highly volatile. According to the expanding Bollinger Bands, volatility is likely to seep back into the market. On the contrary, the moving average was surfing under the candlesticks, marking the strength of the present price trend.

Recently, Cardano’s Charles Hoskinson, during an AMA, urged the crypto community to rally against increasing regulatory moves to crack down on encryption.

Dogecoin [DOGE] 

The 33rd coin on CoinMarketCap’s list, DOGE was noting a market cap of $320.58 million, at press time. While the token was hit by bears in the market quite often this year, it has maintained a growth of 19.48%. With its price hovering around $0.0025, the immediate resistance was close to $0.0028, while the support was low at $0.0023.

Despite recovering from the March fall, the coin was back in bearish territory. This was confirmed by the MACD indicator, which noted that the MACD line had slid under the signal line, confirming the arrival of a bearish market for the meme-coin.

Basic Attention Token [BAT] 

Basic Attention Token [BAT] noted a surge in price on 8 June, pushing the price of the digital asset to $0.2553. The coin’s next resistance was marked at $0.2776, and support was close to $0.2216. With the recent increase in its price, BAT was returning 30.46% since the beginning of the year and had moved to join a bullish zone.

According to the Parabolic SAR, BAT recorded a change in its price direction. With the placement of the markers under the candlesticks, the indication of a bullish regime was clear.