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The latest crash in the crypto market left several coins drowning in the red sea. While most of them were seen gasping for breath, Polkadot [DOT] and Cardano [ADA] were seen least affected by the latest carnage.
Polkadot [DOT] turned out to be one of the most promising assets of this year. Despite being late to the crypto-verse, DOT did not step back. The asset took over several major assets like Litecoin [LTC], XRP, and Cardano [ADA], to become the fifth-largest cryptocurrency. Currently, DOT’s market cap was at $30.15 billion, aiding to $1.47 trillion of the total market cap.
The altcoin price was seen at $33.16, with a 3.76% slump, in the last 24-hours. The stop in the altcoin’s price seemed pretty dainty compared to that of XRP, Bitcoin Cash [BCH], and other assets as they endured a drop of over 10% over the last day.
Polkadot [DOT] one-day price chart
On the one-day price chart of Polkadot [DOT] was seen saying sayonara to the bulls as the bears had made an entry. The Parabolic SAR formed dotted lines over the candlesticks, which acted as a resistance line against any possible breakout in the upward direction.
The Awesome Oscillator, after a series of green bars, laid out a single red closing bar. The Relative Strength Index indicator revealed that DOT was still exhibiting a buyers’ notion.
While this could mean that DOT could witness a drop just like the other coins, the same range of its potential downfall is uncertain.
Cardano [ADA] one-day price chart
As all the other coins were seen undergoing a descent, ADA was seen trying to achieve an all-time high. The coin went to a high of $1.13 and was seen retracing during writing. ADA, currently, was trading at $0.97 with a surge of 4.91% in the last 24-hours.
Cardano’s price chart on Binance revealed that the bulls were still in the altcoin’s market.
The Chaikin Money Flow indicator was seen sharing a bullish momentum as the marker was over zero. The MACD indicator had formed a bullish crossover.
But, the MACD line was seen going for a crossover with the signal line. This could possibly induce bears into the ADA market.
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