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

FXStreet Team FXStreet

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

Dash Price Forecast: DASH defies headwinds, paces toward $100

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.

XRP slides below 50-day EMA as selling pressure intensifies

Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.