Cryptocurrencies Price Prediction: Dogecoin, Cardano & Bitcoin — Asian Wrap 05 January
|Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve
Dogecoin is up 2% at press time on Monday, building on the 4% gains from Sunday. The dog-themed meme coin extends its recovery over the 50-day Exponential Moving Average (EMA) at $0.14339 and trades above the $0.15000 round figure. Dogecoin’s recovery reflects the breakout rally of a descending wedge pattern on the daily logarithmic chart. The breakout rally aims for the 200-day EMA at $0.18202, aligning with the overhead supply zone between $0.18100 and $0.18500.
Cardano Price Forecast: ADA breaks above falling wedge, upside constrained by geopolitical risks
Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest (OI) rising and long bets increasing among market participants. However, traders should be cautious as escalating geopolitical tensions between the US and Venezuela, and later Colombia, could cap further gains in ADA.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains
Bitcoin's price closed above the upper consolidation range of $90,000 on Saturday and rose slightly the next day. At the time of writing on Monday, BTC continues its gains, trading above $92,700. If BTC continues its upward trend, it could extend the rally toward the next resistance at $94,253, which aligns with the 61.8% Fibonacci retracement level drawn from the April low of $74,508 to October's all-time high of $126,199.
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