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.
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.
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.
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FXStreet Team
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