{"id":182589,"date":"2021-09-08T06:30:55","date_gmt":"2021-09-08T01:00:55","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=182589"},"modified":"2021-09-08T04:01:50","modified_gmt":"2021-09-07T22:31:50","slug":"cardano-synthetix-vechain-price-analysis-07-september","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-synthetix-vechain-price-analysis-07-september\/","title":{"rendered":"Cardano, Synthetix, VeChain Price Analysis: 07 September"},"content":{"rendered":"

Quite a few altcoins in the market experienced bearish momentum. The likes of Cardano, Synthetix and VeChain noted a decline on their respective charts. <\/span><\/p>\n

Cardano fell by 2.5% and was expecting to rest near its support zone of $2.49. Synthetix traded right above its support level of $12.49 and threatened to fall below it over immediate trading sessions. VeChain too, experienced loss while consolidating and was moving south towards its one-week price low of $0.124<\/span>
\n<\/span><\/b><\/p>\n

Cardano (ADA)<\/b><\/h3>\n
\"Cardano,<\/a>
ADA\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

ADA<\/a> noted downward movement as it registered a 2.5% decline over the last 24 hours. It was trading for $2.64 and was inching towards its nearest support zone of $2.49. The additional support lines awaited at $1.96 which would be ADA\u2019s almost three-week low price point, beyond that the alt could rest on $1.39.\u00a0<\/span><\/p>\n

ADA remained bearish on the 4-hour chart. Awesome Oscillator<\/strong> displayed red signal bars. Relative Strength Index<\/strong> stood inside the oversold zone after almost two months. <\/span><\/p>\n

The MACD<\/strong> histogram observed red bars, post a bearish crossover.\u00a0<\/span>In case, buying strength finds its way back to the market, the coin could retest the $3.04 price line.\u00a0<\/span><\/p>\n

Synthetix (SNX)<\/b><\/h3>\n
\"Cardano,<\/a>
SNX\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

SNX fell substantially over the last 24 hours and was trading at $12.50. It stood right above its immediate price floor of $12.49. A dip from $12.49 could cause SNX to trade near its weekly low level of $11.07. An additional support line awaited at $8.87.\u00a0<\/span><\/p>\n

Relative Strength Index<\/strong> fell sharply from the bullish zone, to below the half-line as buying strength declined. The indicator dipped below the half-line for the first time this month. MACD<\/strong> witnessed a bearish crossover and flashed a red bar on its histogram. <\/span><\/p>\n

Bollinger Bands<\/strong> remained diverged indicating chances of increased market volatility over the next trading sessions. <\/span>In case of an upswing, SNX<\/a> could trade near the resistance mark of $14.37, which is also the four-month high price level for the token.\u00a0<\/span><\/p>\n

VeChain (VET)<\/b><\/p>\n

\"Cardano,<\/a>
VET\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

VET<\/a> dipped by 0.7% over the last 24 hours and was seen priced at $0.138. It failed to sustain over the price floor of $0.139. A decline below its current price level would mean that VET could trade near its one week price low of $0.124. <\/span><\/p>\n

Technical parameters pointed towards bears price movement in the market.\u00a0<\/span>Relative Strength Index<\/strong> stood in the bearish zone slightly beneath the 40-mark, a level it last touched over a week ago. This signified that the market experienced a shortage of buying pressure. <\/span><\/p>\n

MACD<\/strong> underwent a bearish crossover and displayed red bars on its histogram. Capital inflows also declined and the Chaikin Money Flow<\/strong> was positioned below its half-line.\u00a0<\/span>On the flip side, VET\u2019s immediate resistance lay at $0.151.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Quite a few altcoins in the market experienced bearish momentum. The likes of Cardano, Synthetix and VeChain noted a decline on their respective charts. Cardano fell by 2.5% and was expecting to rest near its support zone of $2.49. Synthetix traded right above its support level of $12.49 and threatened to fall below it overContinue reading “Cardano, Synthetix, VeChain Price Analysis: 07 September”<\/span><\/a><\/p>\n","protected":false},"author":45,"featured_media":182601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-182589","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nCardano, Synthetix, VeChain Price Analysis: 07 September - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Quite a few altcoins in the market experienced bearish momentum. 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