Cryptocurrencies Price Prediction: Dogecoin, Kyber & Chiliz – American Wrap 05 Abril


Dogecoin Price Forecast: DOGE lacks bullish momentum after Elon Musk's recent endorsement

Dogecoin price had a massive 30% spike on April 1 after Elon Musk tweeted that SpaceX will put a literal Dogecoin on the moon. However, this move didn't last long, and practically all gains were lost within the next 48 hours. 

Kyber Network Price Prediction: KNC faces strong selling pressure despite new protocol launch

The Kyber Network has launched a new market maker protocol called the Kyber DMM which provides users with greater flexibility, liquidity, and high capital efficiency. This is only the beta release of the product but it’s available to everyone.

Chiliz Price Forecast: CHZ must conquer this barrier for a 12% breakout

Chiliz has been trading in a descending pattern since its all-time high of $0.94 on March 12. The digital asset seems ready for a breakout as the entire cryptocurrency market turned bullish in the past 24 hours.

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Cardano Price Forecast: ADA braces for a test of $2 amid a potential bull pennant

Cardano (ADA/USD) is extending its recovery this Sunday after a sharp sell-off witnessed a day before. ADA/USD charts a bull pennant on the 12H chart.  A test of the $2 mark appears inevitable if the bullish pattern is confirmed. RSI has regained upside momentum, well above 50.00.

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XLM Price risks further falls towards $0.53 amid double top reversal

XLM/USD is falling for the third straight day on Sunday. $0.53 support appears at risk after the double top reversal on the 1D chart. RSI points south towards the midline as the XLM price eases from record highs.

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Dogecoin: Defending 21-DMA is critical after Musk calls it a ‘hustle’

Elon Musk's appearance on 'SNL' throws DOGE under the bus. DOGE/USD extends sell-off into Sunday, hitting five-day lows. DOGE bulls remain hopeful as 21-DMA support holds, with RSI still bullish.

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Ethereum bulls gather strength for a sustained break above $4000

Ethereum bulls take a breather after Saturday’s $500 rally to record highs. The No. 2 coin eyes additional upside after rising wedge breakout on the 4H chart. RSI is in the overbought region, dip buying to keep the uptrend intact.

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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

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