Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu and Cardano – European Wrap 21 March [Video] – FXStreet
Bitcoin price is consolidating whilst threatening a move to the downside, causing all altcoins to pause in their rallies. In a way, BTC is controlling the crypto market’s moves, but a second look at the big crypto suggests that a minor uptrend is actually likely.
Shiba Inu price action seems to be repeating itself after a recent breakout from its downtrend. The rebound is pausing and might go for a liquidity run below a vital support level before a full-blown rally kicks off.
Cardano price is recovering from a recent drop on the back of rising dominance in the DeFi ecosystem. The Ethereum-killer is in direct competition with Optimism in the DeFi ecosystem sphere.
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ApeCoin price could start moving violently upwards. Traders should keep their eyes on the digital asset to partake in the move. ApeCoin price could be an early mover within the crypto market, as the technicals point to more uptrend in the short term.
Terra’s LUNA price is still in an unfortunate situation. Buying early may not be the best idea, but the technicals should continue under surveillance for potential entries. The price continues to struggle as the bears have forced a rejection at the $2.00 level.
Ripple’s XRP price is still sideways and submerged since the June 11 sell-off occurred. Ripple has opened an office in Toronto, vowing to hire 100 new software engineers and developers. Invalidation of the downtrend is a breach above $0.38.
Shiba Inu price may have bottomed but this can only be confirmed if the current rally persists. Traders should be aware of several factors. Shiba Inu price has suddenly changed as the bulls have printed a significantly large bullish engulfing candle on the daily chart.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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June 24, 2022 at 01:12AM