Cryptocurrencies Price Prediction: Dogecoin, Chiliz & Elrond — Asian Wrap 30 Mar


Dogecoin price fading without the celebrity hype

Dogecoin (DOGE) price is frustrating the bullish narrative and making the grand forecast of $1 by the end of 2021 look impossible. A failure to hold the lower bound of the ascending triangle and the ensuing collapse below the flattening 50-day simple moving average (SMA) for the first time since mid-December 2020 has shifted the bias from neutral to bearish in the short-term.

 

Chiliz Price Analysis: CHZ not commanding a bullish audience yet

Chiliz price locked in an incredible month with a 1700% gain by March 12. Over the second half of the month, the altcoin has corrected 52% at the most recent low. It is a reminder that trafficking in cryptocurrencies requires a unique discipline and clear profit targets based on historical precedent analysis.

 

Elrond Price Prediction: EGLD double bottom projects a 28% gain

Like the entire cryptocurrency complex, Elrond price suffered losses last week, but the 15.7% rebound on March 26 was an exclamation point on the conviction of buyers. Within two days from the low, EGLD recaptured the 50-day simple moving average (SMA) and triggered a double bottom pattern. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Key indicator suggests the worst is yet to come for Bitcoin as it gets closer to capitulation

Bitcoin is trading at a price further away from the average price at which coins moved on the network. The recent price action hints at a bearish trend typically aligned with capitulation events. Institutional investors are wary, suggesting BTC may drop further. 

More Bitcoin News

Shiba Inu price reverting to mean with 33% climb

Shiba Inu price is currently experiencing a pullback after failing to set up a higher high. While this is demeaning in the short term, it does not impact the bullish outlook negatively.

More Shiba Inu News

Solana price ready to liquidate early buyers before SOL enters 40% rally

A brief technical and on-chain analysis on Solana price. Here, FXStreet's analysts evaluate where SOL could be heading next as it seems bound for a correction before higher highs.

More Cryptocurrencies News

Tezos upside potential is uncertain as XTZ faces massive resistance

A brief technical and on-chain analysis on Tezos price. Here, FXStreet's analysts evaluate where XTZ could be heading next as it seems capped by a crucial resistance area.

More Tezos News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP