Analysis of the prices of Cardano and Dogecoin for 07/19/2021

The price of DOGE failed to stay above $0.2, and Cardano fell below $1.20.

ADA / USD

Over the past couple of weeks, the price of ADA has dropped by 25%to a strong level of support. This price movement is not unexpected – At the same time, BTC tested support at $31,000 several times. 

The chart shows a narrowing falling wedge(highlighted in green). This pattern can be seen on the BTC chart as well. It is often interpreted as a bullish signal. In the near future, the price should break this channel up and consolidate above $ 1.20- $ 1.27 in order to continue the run.

DOGE / USD

The DOGE price dropped below $ 0.2 and, most likely, is ready to continue falling. Support at $ 0.16 allowed the bulls to test $ 0.2 again, but the surge was short-lived.

DOGE is currently trading around $ 0.18.The nearest support level is still at $ 0.16. The longer DOGE stays below $ 0.2, the stronger the bears become. Closing the daily candle below $ 0.16 could extend the bull run to $ 0.1.

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Based on materialscoingape.com