Cryptocurrencies Price Prediction: Cardano, Floki Inu and Decentraland – European Wrap 23 November

FXStreet Team FXStreet

Cardano price holds another 25% correction as bearish pressure persists

Cardano (ADA) price has been under bearish pressure as price action started to slip to the downside around November 11. Since then, ADA price has formed a bearish triangle with the base at $1.67 and the descending trend line providing systemic resistance and persistent bearish price action. Expect the triangle to be completed this week with a break to the downside, holding another 25% potential devaluation in Cardano price towards $1.30.

Floki Inu price looks ready to breakout as bullish momentum thrives

Floki Inu price is undergoing a pullback after failing to clear a crucial resistance barrier. This downswing will push the meme coin into a vital demand zone that could trigger a new uptrend’s start.

Why Decentraland will dominate Metaverse and MANA price will hit $7 soon

Decentraland and other metaverse tokens have seen massive growth due to the recent rebranding of Facebook. These tokens are showing strength despite the overall market showing a sightly bearish outlook. MANA, on the other hand, shows signs that a short-term upswing is likely. From a fundamental perspective, it also stands to capture a massive share of the metaverse market.