Cardano Price Prediction: ADA needs to hold $1.39 or risks a dramatic decline
Cardano price illustrates a symmetrical triangle on the 12-hour chart with a clear but significant measured move of 50%, putting the May 19 low or the all-time high in the crosshairs depending on the resolution direction. However, a tempered outcome of 30-40% is more consistent with the support and resistance levels. For now, the governing ADA outlook is neutral.
Dogecoin price may fall 40% as fragile DOGE fundamentals multiply
Dogecoin price has shifted from a wide descending channel to a tighter channel after support folded at the 50-day SMA. The underperformance with Bitcoin and the breakdown in daily active addresses indicate a challenging outlook for the short-term, particularly in a rudder-less cryptocurrency complex.
Vechain price deteriorates, leaving VET exposed to a 35% decline
VeChain price is down 7% today at the time of writing, unable to build on yesterday’s rally of 6%, creating a further deterioration of the overall price structure. The potential head-and-shoulders topping pattern manifests the weakening price structure and clarifies the levels to be monitored for VET direction confirmation.
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Latest Crypto News & Analysis
Editors’ Picks
Ripple bulls respite to end with blast off to $0.98
XRP price saw a healthy run-up after bleeding excessively over the past three weeks. Investors seem to be booking profits, which has stifled the recent run-up. If this continues, Ripple could bounce off two crucial support levels and restart its uptrend.
Cardano eyes 25% gains despite recent slowdown
Cardano price shows a bullish structure despite the mayhem caused in late May. ADA set up a higher low on June 8, followed by a quick upswing, a common theme across the crypto market.
Polygon might retrace before rallying 25%
MATIC price experienced a minor upswing on Wednesday but failed to entice the sidelined investors to jump on board. Additionally, Polygon did not retest a crucial supply barrier during this uptrend, which could indicate that a minor retracement seems likely.
Three reasons why Shiba Inu price may be ready to rally
Since June, Shiba Inu price has been locked in a descending channel but holding the outstanding May 19 support during the new selling wave in the cryptocurrency complex. The resulting bounce has stalled at the apex line of a previous symmetrical triangle, a level that served as support in late May.
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.