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Cryptocurrencies Price Prediction: Cardano, Dusk & Dogecoin – European Wrap 11 June

Cryptocurrencies Price Prediction: Cardano, Dusk & Dogecoin – European Wrap 11 June
FXStreet TeamFXStreet TeamFXStreet

What to expect from Cardano’s Chang hard fork?

Cardano (ADA) could move into the final phase of its program to become a blockchain ecosystem governed by the community. Until now ADA blockchain has been governed by the software developer firm Input Output Global (IOG). 

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Dusk price looks poised for correction as on-chain metrics turn bearish

Dusk (DUSK) encountered resistance at the daily bearish order block area, extending from $0.503 to $0.515 on Monday, potentially indicating a price correction. On-chain analysis hints at the formation of the local peak for DUSK as Development Activity declines while Social Dominance rises, suggesting a period of consolidation or potential reversal.

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Dogecoin, Shiba Inu on-chain metrics support price decline as meme tokens bleed

Dogecoin (DOGE) and Shiba Inu (SHIB) on-chain metrics signal a loss of relevance among market participants, suggesting that both meme coins could extend recent losses. Active addresses and volume have declined in June, signaling lower levels of activity among traders. 

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