Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Cosmos – American Wrap 20 April

Dogecoin price crashing by 10% stumps investors awaiting profits worth $1.64 billion

Dogecoin price has been struggling to mark a new year-to-date high as it continues to fail in breaching the four-month-long barrier. This has left a specific group of DOGE holders perplexed as to whether their holdings will ever see the light of profits.
Bitcoin price corrected for the first time after a little over a month and triggered the discourse of a “bear market”. Such is the fragility of the crypto market that even the slightest drops induce panic in investors, even when they are only describing a pullback.
Cosmos (ATOM) price has tried and failed to break the upside cap, which is present as a red descending trendline. In the wake of that rejection, price action has taken a step back, and the Relative Strength Index (RSI) has been falling from being overbought to barely being oversold. Although bears might have thought they were doing good at defending the cap, it will soon come back under pressure as the RSI and Cosmos price is set to swing back up north again.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.