XRP, DOGE, Cardano Price Analysis


Dengan dominasi pasar Bitcoin jatuh sekali lagi dan altseason semakin kuat, seperti XRP, Dogecoin, dan Cardano semuanya terapresiasi secara signifikan pada grafik harga selama seminggu terakhir atau lebih.

XRP

XRP’s recovery since falling near $0.20 after the SEC filed a lawsuit against Ripple Labs has been impressive, with alt recording a YTD return of 510% as of press time. Price movements over the past week, however, have been very inconsistent, with bouts of appreciation followed by sharp price declines on the charts. Even so, the cryptocurrency has almost recovered all of its losses after its depreciation on April 25.

While the Parabolic SAR dotted marker is below the price candle and underscores the bullishness in the XRP market, Awesome Oscillator signals the opposite, with its histogram depicting a decline in market momentum.

According to Ripple’s CEO, the aforementioned lawsuit has been “frustrating”, regardless of how well it has done to the defendants.

Dogecoin (DOGE)

Dogecoin has become one of the best crypto coins of 2022, with alt hiking astronomically to register a YTD return of 10,800% this year. DOGE’s rise has been exponential since April, with more or less the same trend in May as well. In the past week alone, DOGE has gained more than 115%, with many expecting the popular coin-meme to continue soaring at least until Tesla CEO Elon Musk’s appearance as “Dogefather” on Saturday Night Live.

Its bullish scale is evident when the Dogecoin technical indicators are examined. While Chaikin Money Flows held steady near the 0.20 mark, the Relative Strength Index registered a slight decline following a visit to the overbought zone.

Mark Cuban is one of the many crypto advocates who came forward and commented on the usefulness and purpose of the recent meme-coin.

Cardano (ADA)

After a brief phase in February which saw ADA soar the charts to lead the altseason for a while, the last few months have mostly seen Cardano trading in a tight price channel. As of writing, ADA is close to breaking through that range, while also breaking closer to the previous ATH at $1.55 on the price chart.

In the last three days, ADA is up nearly 20%.

While the Bollinger Bands remain far apart to highlight volatility, the MACD line moves away from the Signal line to indicate the crypto’s latest bullish credentials.

Altcoins made headlines recently after IOHK’s Charles Hoskinson hit back at critics for commenting that it was odd to say that Cardano was a blatant scam.

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