Cryptocurrencies Price Prediction: Cardano, Ethereum & Dogecoin — Asian Wrap 01 Mar
Cardano bulls target $1 resistance level before massive ADA rally begins
Cardano price has rallied during the Monday trade session. The move comes after several solid weeks of sustained lower lows and part of a broader route that has lasted nearly six months. However, that trend is likely to change due to a combination of bullish reversal signals.
Ethereum bears trapped while waiting for ETH to break $2,500
Ethereum price action showed some relief from near-term selling pressure by closing inside the Ichimoku Cloud this past Saturday. However, continued concerns over Russia’s invasion of Ukraine and the mention of nuclear weapons dropped ETH on Sunday to a loss of nearly 7%. However, despite the drop, ETH’s final support level has held.
Dogecoin struggles as more bearish signals emerge
Dogecoin (DOGE) has proven it is susceptible to the events on the world stage following the news on Sunday that Russia would be cut off from SWIFT. This put DOGE price action on the backfoot. In the downturn, $16.98 is set to be breached
Author
FXStreet Team
FXStreet
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.
