Cryptocurrencies Price Prediction: Dogecoin, Dash & Bitcoin — Asian Wrap 19 January
|Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe in a freefall, echoing Bitcoin’s drop
Dogecoin is down 3% at press time on Monday, extending the correction phase for the sixth straight day. The meme coin steadies below the 20-day Exponential Moving Average at $0.1375 and the 50-day EMA at $0.1417, maintaining a bearish setup as both averages slope lower, capping recovery attempts. Additionally, the 200-day EMA at $0.1718 is trending lower, supporting the broader bearish bias.
Top Crypto Gainers: Dash, Monero, Story see strong rebounds
Dash trades around $80 at press time on Monday, climbing from $72 earlier on the low. The privacy coin is trading roughly within the 50% and 61.8% Fibonacci retracement levels at $72 and $86, respectively, measured from the November 4 high to the December 19 low. A decisive close exceeding these levels would determine the next phase in the DASH price trend. The intraday rebound, Sunday’s 6% gains, and technical indicators reinforce a strong upward bias.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP dip amid escalating EU–US trade war fears
Bitcoin price rallied to a nearly two-month high of $97,800 on Wednesday, finding support around the previously broken upper consolidation zone at $90,000. However, BTC failed to sustain its upward momentum and declined by 3.17% over the next four days. As of Monday, BTC is trading down, retesting the 50-day Exponential Moving Average (EMA) at $92,396. If BTC closes below the 50-day EMA at $92,396 on a daily basis, it could extend the decline toward the next key support at $90,000.
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.