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Cryptocurrencies Price Prediction: Dogecoin, Shiba Inu & Bitcoin – American Wrap 05 January

Cryptocurrencies Price Prediction: Dogecoin, Shiba Inu & Bitcoin – American Wrap 05 January
FXStreet TeamFXStreet TeamFXStreet

Dogecoin downside risk could be significant, if support fails DOGE could hit $0.08

Dogecoin price is close to a significant drop. The red shaded zone on the chart below identifies a price range where the Volume Profile becomes extremely thin between the $0.08 and $0.16 value areas. Understanding how Volume Profile is interpreted can help shed light on how close Dogecoin is to a significant capitulation move.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins falter after BTC fails to rally [Video]

Bitcoin price has set up a bottom reversal pattern similar to the one seen in mid-December 2021. The resulting technical formation is likely to result in a bullish outlook that will ripple out into other altcoins including Ethereum and XRP.

Shiba Inu could drop memecoin tag as Ethereum whales scoop $3.6 million worth of the token

Ethereum whales continue accumulating Shiba Inu as the memecoin recovers from the recent price drop. Proponents believe Shiba Inu could drop its memecoin tag as it prepares for a 100% price rally. 

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