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Cryptocurrencies Price Prediction: Cardano, Shiba and Litecoin–American Wrap 9 February [Video]

FXStreet Team FXStreet

Cardano price screams “buy” ahead of bullish breakout

Cardano price action has been extremely bullish over the past two weeks. From the January low at $0.92 to the most recent high at $1.26, Cardano has gained an impressive 37%. The recent pullback from $1.30 has not resulted in a bearish continuation move. Instead, a new buying opportunity has been presented.

Shiba Inu to enter the metaverse and challenge Axie Infinity, Sandbox, and Decentraland

Shiba Inu developers announced the Dogecoin-killer’s entry into the metaverse, posing as a rival to Axie Infinity, Sandbox and Decentraland. Analysts predicted a Shiba Inu price rally with the rising demand for the memecoin.

Litecoin price into breakout zone as bulls flock in

Litecoin (LTC) price underwent a short correction yesterday after bulls faced a double hurdle with the intersection of the red descending trendline with the monthly R1 resistance level. Buyers got pushed out of the breakout zone but have made a comeback today with some global market tailwinds in their corner, and they are trying to break the downtrend since November.

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FXStreet Team

FXStreet

Axie Infinity extends gains as bullish momentum targets $3

Axie Infinity (AXS) extends its gains by 8%, trading above $2.56 at the time of writing on Thursday, after rallying over 37% this week. The bullish price action is further strengthened by rising whale accumulation volume.

Top crypto gainers Canton, MYX Finance, Pump.fun rise as the market steadies

Canton, MYX Finance, and Pump.fun are leading the recovery over the last 24 hours as the broader cryptocurrency market takes a breather after sharp losses. Technically, the recovering altcoins are closing toward key resistances as selling pressure eases.

Ethereum Price Forecast: Short bets increase as funding rates flip negative

Ethereum (ETH) fell further on Tuesday, registering a 3.8% decline over the past 24 hours and stretching its weekly loss to about 14%. The sustained decline aligns with the broader crypto market, which is facing immense risk-off pressure amid ongoing geopolitical tensions in Greenland.

AI tokens Price Forecast: ICP tests key support, TAO and RENDER eye comeback

Artificial Intelligence tokens joined Bitcoin and the wider crypto market in a downtrend over the past three days amid geopolitical tensions over the US's intentions to acquire Greenland. However, a few of these tokens are looking to establish support and retest key resistance levels.

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Bitcoin: BTC bulls remain strong amid institutional demand, risk-on sentiment improves

Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.