Cryptocurrencies Price Prediction: Dogecoin, SafeMoon and Cardano – European Wrap 16 August

FXStreet Team FXStreet

Dogecoin price needs to retrace for DOGE to rally another 30%

Dogecoin price rallied exponentially over the past 24 hours, slicing through a crucial supply zone and flipping it into support. This move, while bullish, needs to retest the newly formed demand barrier to confirm the presence of buyers.

Three reasons SafeMoon price will more than double

SafeMoon price has been on a slow downtrend since its all-time high on May 12. However, the sell-off was exacerbated after May 19. Although SAFEMOON showed signs of reversal on August 4 and August 12, these signs were a fluke.

Cardano Alonzo upgrade builds momentum as ADA price approaches all-time high at $2.46

Cardano price has shown extraordinary performance over the past three weeks as it more than doubled in value. This growth has managed to ignore all the sell signals and rise exponentially to where it currently stands.

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Cardano holds steady as bulls intensify push for breakout

Cardano rises above the 50-day EMA resistance amid a risk-on mood across the crypto market. The MACD upholds positive divergence, increasing the potential for a 20% breakout to $0.505.

XRP poised for breakout as ETF inflows and bullish momentum align

Ripple is showing strength, trading at $2.36 at the time of writing on Tuesday. The cross-border remittance token has maintained a steady uptrend for six consecutive days, underscoring steady inflows into XRP spot Exchange Traded Funds.

Crypto Today: Bitcoin, Ethereum, XRP uptrend cools amid surging ETF inflows

Bitcoin is retracing toward support at $93,000 at the time of writing on Tuesday, after reaching a previous day’s high of $94,789. Ethereum and Ripple uptrend has cooled after several days of persistent gains, suggesting potential profit-taking.

Bitcoin holds above $93,000 as ETF inflows continue and Strategy boosts holdings

Bitcoin price trades around $93,000 at the time of writing on Tuesday, pausing near a key resistance zone after its recent advance. Institutional demand remains supportive, with US-listed spot ETFs recording their largest single-day inflow since early October.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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