{"id":6457,"date":"2022-08-27T21:58:55","date_gmt":"2022-08-28T01:58:55","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=6457"},"modified":"2022-08-27T21:58:55","modified_gmt":"2022-08-28T01:58:55","slug":"adex-price-gains-20-as-market-plunges-are-bulls-behind-the-pump","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/08\/27\/adex-price-gains-20-as-market-plunges-are-bulls-behind-the-pump\/","title":{"rendered":"AdEx Price Gains 20% As Market Plunges, Are Bulls Behind The Pump?"},"content":{"rendered":"

The price of AdEx<\/a> (ADX) explodes with a double-digit gain against Tether (USDT) as bulls push the price to a higher region. Despite the market downtrend in recent days with Bitcoin (BTC) and Ethereum (ETH) all (Data from Binance)<\/p>\n

AdEx (ADX) Price Analysis On The Weekly Chart\u00a0
\nWeekly ADX Price Chart | Source: ADXUSDT On Tradingview.com<\/a><\/p>\n

From the chart, the price of ADX, after seeing a major run to a high of $1.2, took a downward spiral to a region of $0.16 with what seems to be low on the weekly chart.\u00a0<\/p>\n

ADX has formed good support in that region as the price bounced quickly to $0.18 above its support area. The price of ADX has not shown much strength as the price has been unable to move past its low by a considerable margin.<\/p>\n

The price of ADX faces resistance at a region of $0.2; if the price fails to break this region, we could see the price of ADX retesting its weekly low, acting as support for ADX price.<\/p>\n

ADX closed the previous monthly candle with a bearish momentum, with the new week\u2019s candle more bullish with signs of relief.\u00a0<\/p>\n

For the price of ADX to trend higher, it needs to break above $0.2 and hold the price from falling below its support area.\u00a0<\/p>\n

Weekly resistance for the price of ADX \u2013 $0.2.<\/p>\n

Weekly support for the price of ADX \u2013 $0.15.<\/p>\n

AdEx Price Analysis On The Daily (1D) Chart
\nDaily ADX Price Chart | Source: ADXUSDT On Tradingview.com<\/a><\/p>\n

The price of ADX has found itself ranging in a channel as the price aims to break out of the channel to trend higher. The price of ADX on the daily timeframe found its support at a region of $0.15 as the price bounced, showing signs of strength to an area of $0.18, where it faced rejection.<\/p>\n

The price of ADX needs to break above its range of $0.15-$0.19 with a good volume to have a better chance of trading higher to a region of $0.2 which seems to be an area of high supply.<\/p>\n

If the price of ADX fails to break out of the range, we expect the price to retest the region of $0.15, which is key support for ADX price.<\/p>\n

ADX is currently trading at $0.17, just below the 50 Exponential Moving Average (EMA), which corresponds to prices of $0.18, acting as resistance for ADX price.<\/p>\n

On the daily chart, the Relative Strength Index (RSI) for the price of ADX is above 50, indicating buy orders.<\/p>\n

Daily (1D) resistance for ADX price \u2013 $0.19-$0.2.<\/p>\n

Daily (1D) support for ADX price \u2013 $0.15.<\/p>\n

Price Analysis Of ADX On The Four-Hourly (4H) Chart
\nFour-Hourly ADX Price Chart | Source: ADXUSDT On Tradingview.com<\/a><\/p>\n

The price of ADX has shown great strength trying to break out of the ranging channel; ADX saw its price rejected back into the channel as it faces resistance to break above the channel.<\/p>\n

ADX needs to break and close above the 4H ranging channel to trend higher to a region of $0.2; if the price of ADX fails to break out from this channel, we could see a price range and possibly retest the support area.\u00a0<\/p>\n

The price of ADX needs to hold the support area at $0.156 to avoid trading lower if it loses this support region.<\/p>\n

Four-Hourly (4H) resistance for ADX price \u2013 $0.2.<\/p>\n

Four-Hourly (4H) support for ADX price \u2013 $0.156-$0.14.<\/p>\n

Featured Image From Kazzak, Charts From TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

The price of AdEx<\/a> (ADX) explodes with a double-digit gain against Tether (USDT) as bulls push the price to a higher region. Despite the market downtrend in recent days with Bitcoin (BTC) and Ethereum (ETH) all (Data from Binance)<\/p>\n

AdEx (ADX) Price Analysis On The Weekly Chart\u00a0
\nWeekly ADX Price Chart | Source: ADXUSDT On Tradingview.com<\/a><\/p>\n

From the chart, the price of ADX, after seeing a major run to a high of $1.2, took a downward spiral to a region of $0.16 with what seems to be low on the weekly chart.\u00a0<\/p>\n

ADX has formed good support in that region as the price bounced quickly to $0.18 above its support area. The price of ADX has not shown much strength as the price has been unable to move past its low by a considerable margin.<\/p>\n

The price of ADX faces resistance at a region of $0.2; if the price fails to break this region, we could see the price of ADX retesting its weekly low, acting as support for ADX price.<\/p>\n

ADX closed the previous monthly candle with a bearish momentum, with the new week\u2019s candle more bullish with signs of relief.\u00a0<\/p>\n

For the price of ADX to trend higher, it needs to break above $0.2 and hold the price from falling below its support area.\u00a0<\/p>\n

Weekly resistance for the price of ADX \u2013 $0.2.<\/p>\n

Weekly support for the price of ADX \u2013 $0.15.<\/p>\n

AdEx Price Analysis On The Daily (1D) Chart
\nDaily ADX Price Chart | Source: ADXUSDT On Tradingview.com<\/a><\/p>\n

The price of ADX has found itself ranging in a channel as the price aims to break out of the channel to trend higher. The price of ADX on the daily timeframe found its support at a region of $0.15 as the price bounced, showing signs of strength to an area of $0.18, where it faced rejection.<\/p>\n

The price of ADX needs to break above its range of $0.15-$0.19 with a good volume to have a better chance of trading higher to a region of $0.2 which seems to be an area of high supply.<\/p>\n

If the price of ADX fails to break out of the range, we expect the price to retest the region of $0.15, which is key support for ADX price.<\/p>\n

ADX is currently trading at $0.17, just below the 50 Exponential Moving Average (EMA), which corresponds to prices of $0.18, acting as resistance for ADX price.<\/p>\n

On the daily chart, the Relative Strength Index (RSI) for the price of ADX is above 50, indicating buy orders.<\/p>\n

Daily (1D) resistance for ADX price \u2013 $0.19-$0.2.<\/p>\n

Daily (1D) support for ADX price \u2013 $0.15.<\/p>\n

Price Analysis Of ADX On The Four-Hourly (4H) Chart
\nFour-Hourly ADX Price Chart | Source: ADXUSDT On Tradingview.com<\/a><\/p>\n

The price of ADX has shown great strength trying to break out of the ranging channel; ADX saw its price rejected back into the channel as it faces resistance to break above the channel.<\/p>\n

ADX needs to break and close above the 4H ranging channel to trend higher to a region of $0.2; if the price of ADX fails to break out from this channel, we could see a price range and possibly retest the support area.\u00a0<\/p>\n

The price of ADX needs to hold the support area at $0.156 to avoid trading lower if it loses this support region.<\/p>\n

Four-Hourly (4H) resistance for ADX price \u2013 $0.2.<\/p>\n

Four-Hourly (4H) support for ADX price \u2013 $0.156-$0.14.<\/p>\n

Featured Image From Kazzak, Charts From TradingView.com<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-6457","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=6457"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6457\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=6457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=6457"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=6457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}