Cryptocurrencies Price Prediction: Dogecoin, Chainlink & Cardano — Asian Wrap 30 September
|Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe struggle to gain traction
Amid rising heat around ETFs, Dogecoin faces opposition from the 50-period Exponential Moving Average (EMA) on the 4-hour chart. At the time of writing, DOGE is down by nearly 1% on Tuesday. Dogecoin’s reversal from the dynamic resistance risks a potential retest of the $0.22046 low from Thursday. The momentum indicators on the same chart flash mixed signals, as the Relative Strength Index (RSI) at 50 indicates a neutral trend. Meanwhile, the Moving Average Convergence Divergence (MACD) with its signal line continues to rise steadily toward the zero line.
Chainlink Price Forecast: LINK eyes upside as holders accumulate amid industry milestone
Chainlink (LINK) hovers around $21.50 at the time of writing on Tuesday after an 8% recovery since Friday. The momentum follows a major industry milestone, where LINK partnered with 24 leading financial institutions to streamline corporate actions using its oracle and blockchain technology. Additionally, bullish on-chain signals and a positive funding rate suggest that LINK could be positioned for further upside as holders continue to accumulate.
Cardano Price Forecast: ADA rebounds following testing of key support zone
Cardano (ADA) is trading near $0.80 at the time of writing on Tuesday after rebounding from key support on Sunday. The US Securities and Exchange Commission (SEC) has requested that Exchange Traded Fund (ETF) issuers for Cardano and other major altcoins, which failed to push the ADA price higher on Monday. Meanwhile, the technical outlook suggests a rally if the support zone holds strong.
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.