Cardano, EOS, DigiByte Price Analysis: 26 June
The lack of movement in BTC’s price following the $500 drop a few days ago seemed to have passed on to the altcoin market as well, with alts such as Cardano, EOS, and DigiByte keeping steady, if not consolidating. Cardano has been one of the cryptocurrency market’s best-performing altcoins this year, with ADA, at the time of writing, well past the price levels it hit right before the crash in March.
Cardano’s technical indicators underlined the bullish nature of the ADA market as not only were the Parabolic SAR’s dotted markers well below the price candles, but the Chaikin Money Flow had also stabilized right above zero, a sign of steady capital inflows. In fact, while the crypto did recover its Black Thursday losses briefly back in May, it hasn’t recuperated yet from the market depreciation that preceded Bitcoin’s halving, with EOS priced at $2.48, at press time.
