Cryptocurrencies Price Prediction: Dogecoin, Polkadot and VeChain – European Wrap 15 December [Video]

Dogecoin price back below resistance awaiting new catalyst

Dogecoin (DOGE)  price saw bulls dictating price action with an explosion higher as it broke above a red descending trend line which has been hugging price’s line of descending highs throughout December. Bulls failed to maintain upside momentum, however, andprice soon collapsed as traders sought to scalp profits quickly rather than stay in the trade  longer term. One of the last main catalyst events on the calendar is scheduled for this evening when the FED will announce its monetary policy decision and expect some sideways price action before, followed by the risk of greater volatility following the meeting.

Polkadot price looks oversold as DOT finds stable support

A brief technical and on-chain analysis on Polkadot price. Here, FXStreet's analysts evaluate how DOT might be able rebound.

 

VeChain price favors the bull as VET approaches 40% breakout

A brief technical and on-chain analysis on VeChain price. Here, FXStreet's analysts evaluate what VET must do to resume its uptrend.

 

 

 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.