Cryptocurrencies Price Prediction: Shiba Inu, Dogecoin & Cardano – American Wrap 19 August
|Shiba Inu downtrend is not over yet but help is underway
Shiba Inu has had its run higher but hit a cap at the beginning of the week. A full correction has taken place, wiping out almost the entire profit of two weeks' gains. The velocity at which buyers have been squeezed out of their longs shows that short-sellers were waiting for a moment to strike. The shift in sentiment has taken over control of SHIB price and is pushing price action further down.
Dogecoin Price Prediction: DOGE to retest of $0.35 by the end of August
Dogecoin price (DOGE) had a solid run higher after buyers stepped in and lifted price action to form a green ascending trend line and mark the 200-day Simple Moving Average (SMA) as support.
Cardano investors wonder whether resistance can prevent ADA from retesting $2.30
Cardano price (ADA) is still very much in good health and running higher. However, ADA has been forming a downward sloping cap on its price action. Price is getting squeezed with lower highs, but support is not budging and is defending profits made.
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.