Cryptocurrencies Price Prediction: Cardano, Shiba Inu & Tron — Asian Wrap 07 June
Is Vasil hard fork priced in for Cardano?
Cardano price outperformed many altcoins in the last week of May. Perhaps, the volatility was due to the anticipation of the Vasil hard fork, regardless, the uptrend was real and as a result, ADA has produced a bullish pattern. A breakout from this setup could result in serious gains, similar to the ones seen between May 27 and May 31.
How to profitably trade Shiba Inu price despite the bear infestation
Shiba Inu price has dropped roughly 9% in 24 hours, suggesting sellers are in control. Investors can expect this downswing to continue until SHIB revisits the $0.0000101. A breakdown of the $0.0000101 support level can trigger a 26% crash to $0.0000074.
TRX price has smart money traps hidden in the technicals
TRX price could be setting up a smart money trap as the volume and technicals do not homogeneously correlate. Tron has been gaining hype within the crypto market as the digital token has been one of the only cryptocurrencies to maintain its value throughout the last nine weeks.
Author
FXStreet Team
FXStreet
