Three tokens posted gains on August 14. XRP advanced 6.3%, climbing to $0.297 and maintaining its position as the third-largest cryptocurrency by market cap. Cardano gained 3.5% while Algorand led the
Three tokens posted gains on August 14. XRP advanced 6.3%, climbing to $0.297 and maintaining its position as the third-largest cryptocurrency by market cap. Cardano gained 3.5% while Algorand led the surge, jumping 40% to trade at $0.74.
The XRP picture on the one-hour chart shows bulls holding above an engulfing candle pattern. Traders monitored the $0.30 level as immediate resistance. Pushing past that mark targets $0.32, with the triangle pattern breakout driving toward $0.35.
Advertisement
728×90
The RSI remained near neutral, suggesting sideways movement could unfold below $0.30. The MACD divergence pointed bullish, showing strong support underneath at current levels. When selling emerged, the 50-period simple moving average at $0.288 provided a defense point, having shifted from prior resistance into a support zone.
Cardano saw momentum build after the July launch of its Shelley upgrade. Network staking has crossed into 10 billion coins. ADA/USD stood at $0.13, with an intraday peak of $0.14. For the rally to advance, bulls needed to hold $0.14. Above that, $0.16 came into play as a near-term target. A bearish shift would bring sellers back to $0.13, with further support at $0.11.
Algorand outpaced the other gainers. Borderless Capital revealed a partnership with the staking protocol, fueling the advance. On the four-hour chart, ALGO produced higher highs and higher lows. Its RSI formed a bullish divergence and displayed no weakness.
This advance created room for pullback. Support formed around $0.60, tested several times in the past hour. Additional support levels sat at $0.53 and $0.45.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
Advertisement
728×90
Bitcoin reached $109,356 on January 20, 2025, marking a new all-time high coinciding with Trump's inauguration.
Bitcoin Cash ABC's price rocketed 62% in the past day, climbing from $12.27 to $19.97 as the project released a new client focused on stability fixes. The rebound offered holders a reprieve after the
Bitcoin reached $18,483 in the past 24 hours, extending a significant rally over the previous week. BTC/USD climbed more than 15 percent in the last seven days following a breakthrough past the $16,00
Law enforcement caught a California man attempting one of the more dramatic getaways in recent financial crime history. Matthew Piercey, accused of orchestrating a massive investment scam, tried to es
Grayscale Investments has crossed an unprecedented $10.4 billion in digital asset holdings, marking the first time the institutional crypto fund manager has reached this significant threshold. The mil
DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market. The token climbed from just above $21,000 to an intraday peak of $24,8
Verifiable crypto journalism, delivered to your inbox.
Weekday mornings. No hype. No financial advice. Just what happened and why it matters.
No spam. Unsubscribe anytime. Read our privacy policy.
