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Cryptocurrencies Price Prediction: Cardano, Ethereum Classic & Chainlink – American Wrap 07 September

Cryptocurrencies Price Prediction: Cardano, Ethereum Classic & Chainlink – American Wrap 07 September
FXStreet TeamFXStreet TeamFXStreet

Cardano bears initiate takeover as ADA price plummets

As Cardano plunges, founder Charles Hoskinson warns traders of massive FUD leading up to September 12. Cryptocurrency analyst Jason Pizzino predicts that ADA is likely to rally 290% following a five-week cycle theory. Cardano’s upcoming mainnet upgrade is set to make gas fees predictable and relatively cheaper than rival Ethereum. 

Ethereum Classic prices loses support, targeting $60

Ethereum Classic has been in an uptrend since September 1. An ascending trend line is looking for a squeeze to the upside against $78.07. A pop above $80 could push Ethereum Classic price toward $100 within weeks.

Chainlink price dives to $25 as investors panic sell

Chainlink has hit a curb with two levels that seem to be too hard to get through. Sellers look to seize control of Chainlink's price action. Two short-term levels can provide support before opening a downside potential of 20%.

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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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