Cryptocurrency Market Update: Leading Altcoins Ripple, Cardano, and Dogecoin

Cryptocurrency Market Update: Leading Altcoins Ripple, Cardano, and Dogecoin

• The Altcoin season is gradually coming into play, with several coins making huge wins.
• Dogecoin has achieved over 55 percent recovery in earnings from the past 24 hours.
• Ripple started struggling to clear the resistance at $ 0.20 after jumping from the $ 0.1850 support level.

The market consisting of crypto assets is showing a strong rise with the green color it paints everywhere. Some altcoins perform quite well compared to large currencies like Bitcoin and Ethereum. Ripple is gaining confidence in the market again, as it quickly climbed to $ 0.20. Cardano shows his talents with earnings approaching $ 0.14. Some of the top 100 digital assets that perform best are: Chainlink (14.64%), Stellar (10.84%), VeChain (18.49%), Cosmos (12.90), Dogecoin (53.33%), Ox (18.91%), Ren (12.27%) and Siacoin (15.81%). Ripple Technical Update As we mentioned above, Ripple struggled for $ 0.20, rising from $ 0.1850 earlier in the day. After testing at $ 0.20, he was unable to maintain the earnings on him and the price fell to $ 0.1986. Buyers remained under control as the RSI (Relative Strength Index) was in the overbought territory. However, it can be predicted that oversold conditions also indicate a possible return. Therefore, especially following the relative strength index carefully can help explain the direction of XRP. For now, the bulls' interest is to clear the resistance from $ 0.20. The support point is expected at $ 0.1950 and $ 0.1850. XRP / USD 1 Hour Chart Cardano price update Coinbase Custody has announced that it has supported Cardona in the transition to Shelly's main network upgrade. Cardano climbed above $ 0.1 and closed at $ 0.14. By making a small retreat, it reduced the price to $ 0.1330. However, the bullish trend is still high and aims to go above $ 0.14 and $ 0.15, respectively. Technical indicators (especially RSI and MACD) support the price increase. Second, RSI was buried deep in the overbought territory, while it showed an upward trend in the positive zone. The gold cross of moving averages means that earnings will continue in the short term. In the case of a comeback, there are plenty of support areas, including $ 0.10, accelerated trend line (dash line), $ 0.08 (50-day SMA), and main trend line. ADA / USD Price Chart Dogecoin Price Update Dogecoin led the altcoins of the season, earning 55% in 24 hours. Throughout May and June, DOGE's price was around $ 0.0025. There was a small decline in the last week of June and remained around 0.002325 in July. 200 days of support were accepted at SMA and the break after 50 SMA paved the way for the ongoing rescue mission. Doge climbed upwards above $ 0.0055. Unfortunately, maintaining earnings above $ 0.0050 became very difficult and returned to $ 0.40 (market value). For now, buyers are still under control according to the trend of RSI and MACD. DOGE / USD Daily Chart