Category Cryptocurrencies
ThorChain, Bitcoin & Cardano — Asian Wrap 09 February

ThorChain (RUNE) price is trading with a bullish bias, completing a full swing V-shaped recovery after the steep dip in the first four days of February. It comes amid an altcoin revival recourse, inspired by Bitcoin (BTC) price breaking past the $45,000 psychological level. 

Bitcoin (BTC) price has inspired optimism among traders after breaking consolidation within a daily supply zone. The next directinal bias, however, hinges on whether it will be able to break above the supplier congestion level it now faces. 

Cardano (ADA) price continues to consolidate below a descending trendline, a bearish technical formation that extended the choppy altcoin market. However, this outcool appears to be changing as cryptocurrency markets take to what appears to be a revival course. 


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