Cryptocurrencies Price Prediction: Dogecoin, Cardano & Tezos – American Wrap 5 February
|Dogecoin Price Forecast: DOGE defends critical support and heads towards $0.060
Dogecoin has been extremely volatile in the past week due to endorsements from Elon Musk and a massive pump orchestrated by the subreddit WallStreetBets which managed to successfully push the price of Gamestop stock, triggering a massive short squeeze.
Cardano Price Prediction: ADA is at risk of a massive correction down to $0.43
Cardano had another major breakout on February 5 jumping by 21% within 12 hours and reaching a new 2021-high at $0.529. However, several metrics show that ADA is now poised for a significant correction.
Tezos Price Prediction: XTZ flashes sell signal at a crucial resistance level
Tezos has been trading in a robust uptrend since December 24, 2020, but has topped out at a crucial resistance level several times. It seems that the digital asset is bound to see another correction as a critical indicator has flashed a sell signal.
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.