Cryptocurrencies Price Prediction: Dogecoin, Cardano & Shiba Inu — Asian Wrap 23 May
Three reasons why DOGE price will not be back above $0.17 anytime soon
Dogecoin (DOGE) price is at the cusp of saying goodbye to $0.10 as the price is set to drop another leg lower in the coming week after DOGE price consolidated below that same $0.10. As not even a test to the topside was in the cards, it shows the lack of bulls and capital inflow to squeeze price action higher.
Cardano price could go either way next week, but downtrend still rules
Cardano price closes the week with another loss on the books. ADA price looks set to instead chose more downside as investors are turning away from cryptocurrencies. Expect another drop with at least a retest at $0.415, possibly a selloff towards $0.075.
Why another 60% drop in SHIB price is inevitable
Shiba Inu (SHIB) price is too far gone from the significant pivotal level of $0.00001708 to make a strong comeback for now. Expect to see price action consolidate around current levels, slightly above $0.00001000, before another round of tail risks will come back to bite price action and trigger another drop in value.
Author
FXStreet Team
FXStreet
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.
