Cryptocurrencies Price Prediction: Bitcoin, Cardano and Dogecoin – European Wrap 21 May


Bitcoin Weekly Forecast: Capitulation rages as BTC freefalls, flushing out weak hands

Bitcoin price tried recovering from last week’s severe drop on May 12, but things took a u-turn as the cryptocurrency market fell off the rails, repeating the disaster last seen in March 2020. As BTC finds its footing, several on-chain developments suggest a consolidation could follow a swift upswing, while others indicate another sell-off.

BTC/USD 1-day chart

 

Cardano Price Prediction: ADA bulls' inability could lead to a 15% drop

Cardano price shows a second bearish attempt to break an uptrend as it dipped into a critical demand area. If the sell orders keep piling up, ADA is likely to retest the confluence of two crucial support levels.

ADA/USDT 4-hour chart

Dogecoin Price Forecast: DOGE squeezes before resuming the uptrend

Dogecoin price stabilizes after the harsh scourge of May 19. DOGE bullish rally has not come to an end and could retest the all-time high at $0.74. The Bollinger bands on the 12-hour chart suggest an entry price DOGE at $0.34

DOGE/USDt 12-hour chart

 

 

 

 

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Editors’ Picks

Bitcoin and altcoins correct before another run-up

Bitcoin price retested the range high during its recent exponential upswing and the altcoins followed suit. However, this uptrend is running out of steam and is retracing as investors continue to book profits.

More Bitcoin News

Dogecoin anticipates 20% drop in favor of bears

Dogecoin price has appeared to have shown a technical pattern that suggests a bearish forecast, with a target of nearly 20% in favor of the bears. DOGE is little room to move on the upside, with a great deal of resistances obstructing any bullish momentum. 

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What is Ethereum EIP-1559 and how will it affect ETH price?

The second-largest blockchain network in the world, Ethereum, is expecting to witness its London hard fork on August 4 that would change the way that transactions are processed. Its native token, Ether, would also see a reduction in supply, which could see a spike in ETH price.

More Ethereum News

Stellar contemplates introducing AMMs as XLM price eyes retest of $0.303

XLM price is consolidating in an uptrend after a sharp upswing ended on July 23. A pullback seems likely before the new leg-up begins. Therefore, investors can expect Stellar to retrace to crucial support levels.

More Stellar Lumens News

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

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