Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 05 October


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Dogecoin millionaire booking profits from Shiba Inu to pump up DOGE

Dogecoin millionaire Glauber Contessoto asks the community to fuel Dogecoin with their gains from Shiba Inu. The development of the Dogecoin-Ethereum bridge is underway, co-founder Billy Markus emphasizes its high demand from the NFT ecosystem. Shiba Inu's progress and upgrades in the ecosystem intensify its competition with Dogecoin for dominance.

Bitcoin bulls on the front foot, eyeing $53,350

Bitcoin (BTC) price has shifted into a higher gear for bulls after the breakout on October 1. Bitcoin bulls who missed the entry at $44,088 had a solid entry at $47,065 with two technical reasons to get in. Profit targets are $50,029 in the short term and retesting the double top at $53,350 in the medium term.

Three reasons why Ethereum price is going to $5,000

Ethereum price breached a crucial barrier, kick-starting a part of the massive uptrend that awaits it. While the short-term outlook for ETH might be concerning based on some metrics, others indicate that the long-term scenario remains largely bullish.


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Editors’ Picks

Dogecoin Price Prediction: DOGE refuses to let WIF have all the fun

Dogecoin Price Prediction: DOGE refuses to let WIF have all the fun

Dogecoin is leading meme coins north, even though Dogwifhat is outperforming it. With DOGE defending the gains, the upside potential remains alive and the meme coin could reclaim its March 2 peak. If Dogecoin price loses the $0.1356 support, it could weaken the bullish thesis, paving the way for an extended fall.

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Celo price confirms breakout after CELO L2 migration details

Celo price confirms breakout after CELO L2 migration details

Celo price broke out 15% on March 1, when the network executed its migration to Layer 2. CELO continues to hold above $1.1172, increasing the odds for a further upside. A break and close below $1.1022 would produce a lower low, provoking a continued drop.

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Ethereum Price Prediction: The long game could see ETH climb 30%

Ethereum Price Prediction: The long game could see ETH climb 30%

Ethereum price has defended its range low of $884.51 since early 2021 while the $4,485.32 peak capped the upside. If ETH manages to close above $3,602.43, it could catalyze a continuation to the January 2021 peak. A break and close below the midrange of the channel at $2,684.92 would invalidate the bullish thesis.

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GMX price could make a 50% climb as GMX’s daily chart is governed by a bullish pattern

GMX price could make a 50% climb as GMX’s daily chart is governed by a bullish pattern

GMX price has formed an inverse head and shoulder pattern on the daily timeframe. GMX could make a 49% climb if the price manages a daily candlestick close above $59.64 bullish. A break and close below $50.00 would invalidate the bullish thesis.

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Bitcoin: BTC likely to correct to $50,000 soon

Bitcoin: BTC likely to correct to $50,000 soon

Bitcoin price has formed a potential top signal that forecasts a sell-off. The weekly chart also points to a bearish divergence, which adds credence to the bearish outlook. 

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