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Cryptocurrencies Price Prediction: Dogecoin, Cardano & Shiba Inu — Asian Wrap 9 August

Cryptocurrencies Price Prediction: Dogecoin, Cardano & Shiba Inu — Asian Wrap 9 August
FXStreet TeamFXStreet TeamFXStreet

Dogecoin Price Prediction: Expect a decline, but don't miss the train if it leaves early pt.2

Dogecoin coils within a newfound congestion zone for nearly 2 months. A sweep the lows event could present itself in the coming days. Invalidation of the bearish scenario is a definitive closing candle above $0.0780. Said price action would induce a 75% rally towards $0.12.

Why the Cardano price may finally be ready for blast off

Cardano price will likely explode in one direction or the other. Traders should consider keeping a close eye on the ADA price for a very profitable opportunity. Invalidation of the uptrend thesis is dependent on a few factors mentioned below.

This indicator suggests whales are officially hodling the Shiba Inu price

Shiba Inu price maintains bullish outlook forecasted in previous outlooks. Total number of transactions on decentralized exchanges has decreased by 40% in the last 24 hours for the SHIB price. Invalidation of the uptrend remains at $0.00001150. 

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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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Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.
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Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.