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Cryptocurrencies Price Prediction: Cardano, Dogecoin & Ethereum – Asian Wrap 24 Mar

Cryptocurrencies Price Prediction: Cardano, Dogecoin & Ethereum – Asian Wrap 24 Mar
FXStreet TeamFXStreet TeamFXStreet

Cardano Price Prediction: ADA drops towards monthly support but further losses will be challenged

ADA/USD remains depressed below 21-day SMA, currently down 1.15% to $1.1022, during early Wednesday. In doing so, the cryptocurrency pair stays below the immediate SMA for the third day in a row. Five-week-old horizontal area adds to the upside filters, 50-day SMA tests bears as well. 

Dogecoin price rests at an inflection point for the bull market

Dogecoin price is at an inflection point as two technical developments may ignite volatility and bring an end to the long drift sideways of the last month. DOGE is set to close today with a squeeze formation confirmation, and it may be the catalyst that shakes the bulls or bears from hibernation.

Ethereum Price Prediction: ETH bears eye mid-$1,500s on break of key SMA

ETH/USD remains on the back foot around $1,670 during late Tuesday’s trading. In doing so, the altcoin keeps the downside break of 50-day SMA, amid bearish MACD, near the lowest levels last seen on March 07. Buyers and sellers both have multiple barriers but trips for bears seem less bumpy ahead of immediate support line.

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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.

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XRP, ADA, and SOL are vulnerable to deeper losses

XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

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