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Cryptocurrencies Price Prediction: Crypto.com, SHIBA & FTT – American Wrap 19 January

Cryptocurrencies Price Prediction: Crypto.com, SHIBA & FTT – American Wrap 19 January
FXStreet TeamFXStreet TeamFXStreet

SHIB Price Analysis: Shiba Inu bulls drop ball, risking full rally unwind

Shiba Inu (SHIB) price action made a staggering jump of over 22% intraday between the low and the high point of Wednesday. Unfortunately, in a video webinar you can find on the FXStreet YouTube channel, warnings were issued on a repetition of Saturday, October 29 of last year, where price action jumped but deflated near the closing bell and saw more than half of its intraday profits evaporate. With plenty of bulls jumping on the breakouts on Wednesday, bears saw a window of opportunity to get back short, and pressure could start to build again to the downside. 
SHIB/USD daily chart

FTX bankruptcy proceedings have been making positive developments over the last couple of days, which is also being reflected in the price of its native token, FTT.  Thursday’s announcement further reinvigorated customers’ interest as the new FTX CEO discussed rebooting the exchange.

FTT/USDT 1-day chart

Crypto.com Price Prediction: Why 2023 could be the year for CRO believers

Crypto.com price could present a profitable opportunity for investors to partake in the coming weeks. Technical indicators have been evaluated to assess possible outcomes for the Ethereum-based exchange token.
tm/cro/1/19/22

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FXStreet Team

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.

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