Cryptocurrencies Price Prediction: Cardano, Dogecoin & Bitcoin — Asian Wrap 8 September
|Cardano Price Forecast: Bulls reclaim control with ADA eyeing higher levels
Cardano (ADA) is extending its gains, trading above $0.84 at the time of writing on Monday after rebounding from a key support level last week. Positive funding rates and stablecoin market growth back the bullish sentiment, while technical analysis on the 4-hour chart confirms a bullish pattern breakout, suggesting ADA is headed toward further gains.
Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe are poised for a rally
Dogecoin edges higher by over 2% at press time on Monday, extending the nearly 6% gains from the previous day. DOGE’s recovery, fueled by Rex-Osprey’s announcement of a DOGE ETF coming soon on Thursday, has marked the breakout of a consolidation range below $0.22597 on the 4-hour chart to challenge the $0.23498 resistance.
Bitcoin price recovered nearly 3% last week after facing three consecutive weeks of pullbacks from its all-time high of $124,474. As of this week on Monday, it steadies at around $110,900. If BTC continues its recovery, it could further extend the rally toward its daily resistance level at $116,000.
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