Cardano, Tezos, Filecoin Price Analysis: 19 January

ambcrypto.com:

Bitcoin’s 2.9% jump over the past few hours opened up recovery chances for the altcoin market. The king coin still needs a convincing close above its 4-hour 20-SMA. Accordingly, Tezos and Filecoin defended their crucial supports and saw marginal recoveries. 

Meanwhile, Cardano slowed down while its CMF fell below the zero line.  

Cardano (ADA)

Source: TradingView, ADA/USDT

ADA reversed in an up-channel from the vital $1.12-mark support. While the altcoin noted a 52.42% ROI (from 10 January until 18 January), it pulled back from the $1.594-resistance.

After bagging the spot of the fifth largest crypto, ADA lost nearly $3.7 billion of market cap over the last two days. As it lost over 12% over this timeframe, the price fell towards the equilibrium of the Bollinger Bands. Now, as the gap between the bands kept decreasing, the alt possibly eyed at a low volatility phase.

At press time, ADA traded at $1.431. The RSI steeply declined after testing the overbought region. It flashed neutrality by moving near the midline. Also, the CMF fell below the zero-line, hinting at the growing selling influence over the past day.

Tezos (XTZ)

Source: TradingView, XTZ/USDT

As XTZ bulls ensured the four-month support at the $3.8-mark, the price action witnessed a decent recovery. As it marked an up-channel (white), the alt breached multiple resistances until it hit its monthly high on 4 January.

Then, from the 61.8% Fibonacci resistance, it retraced by 29.4% and again bounced back from the $3.8-level. Then, after seeing resistance at 20-SMA (red), it fell towards the lower band of the Bollinger Bands.

While the OBV bullishly diverged with the price, XTZ marked a recovery from the lower band that coincided with the $3.8-mark support. At press time, XTZ