Cryptocurrencies Price Prediction: Cardano, SafeMoon & Bitcoin – American Wrap 14 October


Top 3 Price Prediction Bitcoin Ethereum Ripple: Crypto market bound for a brief correction

Bitcoin price fills the extended gap between its close and the Tenkan-Sen, but the slope of the rise may indicate a deeper move south is likely. Ethereum price moved below its Tenkan-Sen and is near the weakest part of the Cloud – the Kumo Twist. Finally, Ripple price is the only cryptocurrency out of the three reviewed in this article that may show some contrarian price action and may move higher rather than lower.

Whale buys $225,000 worth of SafeMoon as analyst turn bullish

A new Safemoon wallet update was pushed out last week; the development team has upgraded the wallet with new features. Safemoon wallet’s beta testers consider it easy to use for beginners; recently, the BNB direct buy feature was added. Within 24 hours of its launch, the Safemoon wallet ranked in the top 25 applications on the AppStore. The dominance of large wallet investors is less than 15%, which implies Safemoon is accessible to retail traders, unlike DOGE or SHIB. 

Cardano sits on strong fundamentals that are not priced in yet

Cardano price has been on an exponential run in 2021, which seems to have exhausted its momentum. After the second swing high on August 30, ADA is now undergoing a full-blown retracement. While this correction started roughly a month ago, more seems to be on its way for the so-called “Ethereum-killer.”

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Editors’ Picks

Litecoin favors a 20% upswing while LTC bulls remain elusive

Litecoin price has entered a tight congestion zone since the initial spike above the Cloud on October 20th. The trading range has been limited to the Tenkan-Sen at $196 above and Senkou Span B at $188 below. 

More Litecoin news

SafeMoon price to surge to $0.0000038 before finding resistance

SafeMoon price has made some astounding progress in October, rallying over 145% from the lowest open in its history on the first day of October to its present new two-month high. 

More SafeMoon news

Cardano buy-side volume rises as momentum builds for ADA to breakout

Cardano price has been stuck in a ditch for most of October as price action ranged between $2.0 and $2.4. Neither bulls nor bears could take control as both defended their support or resistance levels quite adequately. The RSI has crossed above 50 again.

More Cardano news

Ethereum-killer Solana hit a new all-time high at $219, flipping XRP in market cap

Solana is now the sixth-largest cryptocurrency by market capitalization. The layer one blockchain protocol’s high throughput and low-cost transactions attract developers and users to the SOL ecosystem.

More Solana news

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

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