Summary

After a strong beginning of the week, the crypto market has taken a turn for the worse, with ADA, ETH, and XTZ all seeing significant price decreases. While ADA continues to hold above $0.30, ETH and XTZ have fallen below key support levels, with XTZ sitting at just over $0.80. The overall market trend remains down, though there are some signs that the worst may be over for the short term.

ADA

Cardano (ADA) is currently trading at $0.324, down 0.55% in the last 24 hours. ADA has been steadily declining since mid-March and is now down over 20% from its high of $0.40 just a few weeks ago. The recent sell-off has brought ADA below its 200-day moving average (MA), a key support level, though it has held above $0.30 so far.

The MACD (moving average convergence divergence) indicator is currently in a bearish configuration, though with a downward trend. The Relative Strength Index (RSI) is currently 51.5 in neutral territory.

ADA is currently in a short-term downtrend, though the medium- and long-term trends are down. The Average Directional Index (ADX) is currently at 18.5, indicating a weak trend.

ETH

Ethereum (ETH) is trading at $1,851, down 1.04% in the last 24 hours. ETH has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $2,036 in early March. The sell-off has brought ETH below its 200-day MA, though it has held above $1,800, a key support level.

The MACD is currently bullish, though with a downward trend. The RSI is now at 69.6, indicating an overbought condition.

ETH is currently in a short-term downtrend, though the medium- and long-term trends are down. The ADX is currently at 40.1, indicating a strong trend.

XTZ

Tezos (XTZ) is currently trading at $0.840, down 0.62% in the last 24 hours. XTZ has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $1.17 in early March. The sell-off has brought XTZ below its 200-day MA, though it has held above $0.80, a key support level.

The MACD is in a bearish configuration, though with a downward trend. The RSI is currently at 69.3, indicating an overbought condition.

XTZ is currently in a short-term downtrend, though the medium- and long-term trends are down. The ADX is currently at 40.6, indicating a strong trend.