Bitcoin Cash Breaks Out, Cardano Breaks Down as Crypto Traders Hold Breath on Fed: Analysis

It seems that the effects of the ceasefire between Israel and Iran already after large jumps at the beginning of this week’s markets. Only two coins (Fi and Maple Finance) increased by more than 10%, with the average appreciation of prices in the TOP 100 coin ceiling is around 2% and the average decline around this brand.

However, crypto traders are pushing up: the total market ceiling of cryptocurrencies across the industry is up to 3.283 trillion USD, which is a modest daily increase of 0.81%.

Traditional markets also remained relatively stable, with the S&P 500 slightly increased to 6,097 points and gained 0.07% of the previous session. The decision of the Federal Reserve system to maintain interest rates at 4.25% -4.5% continues to create an environment of waiting and see, with Fed Jerome Powell chairs say that the central bank is “well position to wait” for greater clarity. Looking forward, merchants Countless—And prediction market developed in UnscrambleThe parent company Dastane – currently believe Nasdaq overcomes the S&P 500 in June.

Meanwhile are some coins-as usual-Do better today than others, with Bitcoin and Cardano Merchants make movements – perhaps with a desire Feel On an otherwise boring market day.

Bitcoin Cash (BCH) Extracts

Bitcoin Cash, the original fork of the original bitcoin, has shown its strength today and increased up to approximately $ 6% to $ 481.30 because it has successfully violated a critical level of resistance $ 470, which limited prices for most of the month. This escape came up with a considerable volume of trading and more bulls of technical confirmation.

The relative strength or RSI index sits on a healthy 61, which indicates a strong bull momentum without reaching an excessive territory. This reading suggests that the buyers are under control, but there is still room for further upwards before a typical 70+ exaggerated threshold is hit, where profit often occurs. RSI measures the speed and size of price changes and values ​​between 50-70 are generally considered to be bull zones of momentum.

The average directional index, or ADX, reads 20, just below the major threshold 25, which confirms the specified power of the trend. Although it shows that the trend is weak and still evolves rather than fully established, the growing trajectory suggests that the dynamics is building towards a decisive escape. AdX measures the power of trends regardless of direction – reading over 25 usually signals strong trendy conditions that traders often monitor.

Slice average configuration: BCH is traded significantly above 50 -day EMA (around $ 385) and 200 -day EMA (near $ 352), creating an expansion gap known as “a sliding average divergence“This 50-day Ema, Averaging Prices Over Roughly 2.5 MONTHS, OUTTEN ACTS AS DYNAMIC SUPPORT IN AN UNTREND, WHILE THE 200-DAY REFLECTS Short-Term Momentum Is Outpacing the Longer-Term Trend-Remaining Buyers Are Paying Significantly More Than Those Who Entered 200 Days Ago, and the expanding distance Between the Two Lines suggests that the shopping pressure remains intense.

The momentum indicator shows the state of “ON” using the ascending trajectory, indicating that price compression is released upside down. This indicator identifies a period when volatility contracts before the main movements – reading “he” suggests that the grip is active and the momentum is being built. This is not definitive, but suggest caution, whether with a strong break in a positive direction or with severe correction.

Overall, BCH is rising, but it is possible that traders interpret their current zone as hard with indicators that give mixed signals.

Key levels:

• Immediate Support: 460-470 $ (a recent escape zone is now becoming a support)
• Strong support: $ 385 (50 -day EMA)
• Instant resistance: $ 500 (psychological level and other main barrier)
• Strong resistance: $ 540 (measured to move from recent consolidation)

Cardano (ADA) breaks down

Are cardano guys even to Cardano? During his last LivestreamCardano founder Charles Hoskinson suggested that Cardano Treasury gets rid of ADA worth almost $ 100 million to buy a Stablecoin basket alongside bitcoins and other synthetic assets.

Take it as you want. This is either a good sign for the network, because it helps to increase liquidity and further decentralize the structure for long -term ecosystem growth, or the team does not want the risk that a coin that has no real bull cycle since 2021.

It seems that the markets have taken the bitterness over the last 24 hours. ADA experienced a sharp 3.5% drop to $ 0.5669, because more technical indicators blinked bear signals.

The price action suggests that ADA is trying to maintain a key level of support in the middle of the wider weakness of altcoins.

RSI dropped to 35 and was approaching under 30, but not yet. This reading suggests that the sales pressure is deepening, and although the converted conditions could eventually cause a relief reflection, the dynamics down indicates that more weakness may be ahead of us. RSI reads below 40 often indicate bearish momentum, especially if they are accompanied by other negative signals.

ADX registers 26, which is confirmed by a strong trend. However, with a drop in price, this strong reading ADX actually confirms the strength of the bear trend rather than supports the bull case. That is why technical analysts always explore ADX along with a price direction – a high ADX with falling prices indicates a strong dynamics down.

ADA trades under its 50 -day and 200 -day EMA, with indicators showing formulas. Trading in prices under both moving diameters suggests that the trend has shifted bear across several time frames. When the averages of strain dates fall below longer -term diameters, it usually indicates permanent sales pressure and loss of investors’ confidence.

The momentum indicator shows the “off” status with negative momentum, indicating that recent volatility has been released at the disadvantage and further compression can be limited. This is often reflected in the ongoing directional movement – in this case a potentially more disadvantage.

Key levels:

• Immediate Support: $ 0.5500 (psychological and potential reflection zone)
• Strong support: $ 0.5000 (the main psychological level)
• Instant resistance: $ 0.5900 (must regenerate to recover the signal)
• Strong resistance: $ 0.6400 (an EMA 50 -day area that would indicate a conversion of the trend)