Cardano, MANA, Enjin Coin price Analysis: 30 December – ZellaNews


Post the market-broad retracements, Enjoin Coin flipped the 20 SMA from its assist to quick resistance. Further, (*30*) and MANA fell under their 20-50-200 SMA. 

After poking the $45,900-mark, Bitcoin registered a 3.8% leap over the previous few hours. Consequently, the aforestated cryptos bounced again from their quick helps. Their RSIs have been within the restoration section after dipping into the oversold territory.

(*30*) (ADA)

Source: TradingView, ADA/USDT

As ADA oscillated in an ascending broadening wedge (reversal sample, white), it invalidated its lengthy-time period bearish trendline (Cyan). Then, it noticed an anticipated breakdown from its month-lengthy resistance on the $1.58-stage.

The alt retraced by practically 18.11% within the final three days. As a end result, the price motion poked its weekly low on 30 December.

After discovering quick assist on the 1.31-stage, ADA bounced again and crossed the $1.358-mark at press time. While the 20 SMA (crimson) stood above the 50-200 SMA, ADA wanted to cross the $1.397 hurdle to substantiate a powerful reversal.

At press time, ADA traded at $1.362. The RSI bounced again from the oversold area and confirmed first rate revival indicators. The price motion marked inexperienced candles after a bullish divergence (yellow trendline) between the RSI and price motion. While the AO depicted a shift in momentum in favor of bears, the ADX displayed a barely weak directional development for ADA. 

Decentraland (MANA)

Source: TradingView, MANA/USDT

After falling in a down-channel (yellow), MANA halted its downturn at its one-month assist on the $3.02-mark. As the price bounced from this stage, it noticed for practically ten days till it breached the $3.6-mark.

The alt marked a 16.94% retracement after touching its three-week excessive on 27 December. With this fall, MANA fell under its 20-50-200 SMA. The quick testing level for the bulls now stood close to the 20 SMA (crimson) on the $3.4-mark.

At press time, MANA traded at $3.3405. The RSI flashed a bearish bias and located resistance on the 42-stage. While the MACD visibly most popular the sellers, its histogram approached the equilibrium. This studying indicated the close to-time period chance of a bullish comeback. 

Enjin Coin (ENJ)

TradingView, ENJ/USDT

 Since its ATH on 25 November, ENJ noticed an over 55.34% retracement because the price motion fell in a down-channel till 20 December. After the down-channel breakout, the alt noticed a powerful 51.75% restoration till it poked its three-week excessive on 27 December. 

However, the $3.08-mark stood as sturdy resistance because the price broke down from its up-channel (white) trajectory. Accordingly, after a 22.42% retracement, the alt flipped the 20 SMA from its assist to quick resistance.

At press time, ENJ traded at $2.732. The RSI dipped from the oversold territory because it appeared to move north. Also, the MACD selected the promoting energy however hinted at its reducing affect.


By clicking on the button below, you have agree with our terms and conditions