|

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Cosmos – American Wrap 20 April

Dogecoin price crashing by 10% stumps investors awaiting profits worth $1.64 billion

Dogecoin price has been struggling to mark a new year-to-date high as it continues to fail in breaching the four-month-long barrier. This has left a specific group of DOGE holders perplexed as to whether their holdings will ever see the light of profits.
DOGE/USD 1-day chart
Bitcoin price corrected for the first time after a little over a month and triggered the discourse of a “bear market”. Such is the fragility of the crypto market that even the slightest drops induce panic in investors, even when they are only describing a pullback.
Bitcoin bearish fractal from April 2021
Cosmos (ATOM) price has tried and failed to break the upside cap, which is present as a red descending trendline. In the wake of that rejection, price action has taken a step back, and the Relative Strength Index (RSI) has been falling from being overbought to barely being oversold. Although bears might have thought they were doing good at defending the cap, it will soon come back under pressure as the RSI and Cosmos price is set to swing back up north again.
ATOM/USD  4H-chart    

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Ripple Price Forecast: XRP builds recovery momentum as whales increase exposure
Ripple (XRP) rises toward the pivotal $1.10 resistance on Thursday, marking three consecutive days of gains. This neutral-to-slightly bullish outlook follows the Federal Reserve (Fed) decision to leave interest rates unchanged in the 3.50%-3.75% range.
Bitcoin Price Forecast: BTC recovery pauses as hawkish Fed, US-Iran tensions weigh on sentiment
Bitcoin (BTC) steadies above a key support zone on Thursday, consolidating near $64,000 after a modest rebound earlier this week. Fresh inflows into BTC spot Exchange Traded Funds (ETFs) has provided some support.
Crypto Today: Bitcoin, Ethereum, XRP trade sideways as US-Iran tensions intensify
The crypto market is trading in neutral-to-slightly bullish conditions on Thursday, with Bitcoin (BTC) holding above $64,000 while its immediate upside remains capped. Ethereum (ETH) hovers above the $1,900 short-term support level while Ripple (XRP) struggles to gain momentum ahead of a potential nail $1.10 breakout.
Bitcoin ETF inflows return as Ether funds slip into outflows
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a four-session outflow streak on Wednesday, recording $32.1 million in net inflows.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.