Following the market-wide consolidation trend, the altcoin industry also experienced the same price sentiment. ADA, for example, has started showing range-bound movements after hitting an all-time high a few days ago.
Litecoin posted a modest 3.3% decline while eyeing the USD 161.90 support line as buying pressures weakened. Eventually VeChain stayed consolidated within $ 0.127 and $ 0.115.
ADA fell 1.7% on its chart in the past 24 hours to trade at $ 2.76. The alt showed limited range movement on the chart. ADA traded between the $ 2.93 and $ 2.76 price range.
Another drop from the above price levels would push the token to its immediate support at $ 2.66 and then at $ 2.39. ADA’s movements signal bearish price patterns as confirmed by the technical indicators.
Relative Strength Index fell below 50 as the buying pressure fizzled out. Great oscillator red signal bars displayed.
Conversely, capital inflows remained on the bullish side as the Chaikin money flow stood above the half-line. A break above the current price level could cause ADA to hit the $ 2.93 and $ 3.07 mark again.
LTC traded at $ 168.67 after posting a 3.3% loss from yesterday. It was nearing its immediate lower bound of $ 161.90. Further profit-taking in the market could push prices to $ 143.24.
Selling pressure drove them Relative Strength Index South within the bearish zone. Great oscillator a sell-signal flashed together with red signal bars, which indicated a negative price action.
MACD went through a retrograde crossover and showed the onset of red bars in his histogram. If Litecoin’s bearish outlook doesn’t hold, prices could rise to test the $ 177.61 and $ 188.43 levels, respectively.
Vocational training fell 1.3% and was priced at $ 0.117. The coin showed a consolidated move on its four-hour chart. Vocational training consolidated between $ 0.127 and $ 0.115.
Bollinger Bands, Correlated to this, there was also a tightening of the bands. If VET trades in this area for more than a few trading sessions, prices could hit the floor price of $ 0.103.
Purchasing power remained low as the Relative Strength Index was spotted at the 40 mark. MACD experienced a declining crossover and then showed red bars on his histogram.
A break higher would mean that VET would face immediate resistance at $ 0.127 and then $ 0.145.