Cardano, Polkadot, Tron Price Analysis: 25 October
Cryptocurrencies traded in the green earlier today. Bitcoin dipped slightly from its new all-time high and hovered around $62,000, at the time of writing. Major altcoins like Polkadot and Tron sounded a bullish bugle.
However, Cardano shed value over the past day, and appeared to assume a bearish stance, in the near term.
Source: ADA/USD, TradingView
ADA’s price consolidated on its 4-hour chart as it traded sideways and registered a 0.20% drop at the time of analysis. Trading within the confines of a symmetrical triangle, ADA seemed to be approaching its immediate support level at $2.01.
A shift below its floor would mean bears overtaking bulls to bring it further down to its long-term support at $1.46. Conversely, $2.36 and $2.75 would need to
Read more on ambcrypto.com
