Cryptocurrencies Price Prediction: Dogecoin, Shiba Inu & Ethereum – American Wrap 04 August

FXStreet Team FXStreet

Dogecoin price spooked, leaves DOGE on the outside looking in

Dogecoin price is still up 5,830% YoY, despite the 80% correction from the May high. The volatility has not transferred to this rally attempt as DOGE has traded in an ascending parallel channel with the 200-day SMA transmitting support. It is a disappointing evolution after the digital asset registered a bullish momentum divergence on the daily chart, beat the resistance of May’s descending trend line and triggered a double bottom pattern. Until Dogecoin price can elevate above the declining 50-day SMA, it is recommended to restrain urges to accumulate a position.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH says ‘no’ to profit taking, while BTC and XRP steady for a new surge

Bitcoin price, Ethereum and XRP are consolidating their notable rallies off the July 20 low after striking established resistance levels. As of today, the corrective processes remain constructive and have not disarmed any of the critical support levels that would endanger the bullish outlook for the three crypto majors.

Shiba Inu investors pressure Robinhood to list SHIB despite recent price slump

Coinbase Custody announced support for the Shiba Inu but has not listed it on its professional trading platform. A petition requesting Robinhood to list SHIB has garnered the attention of the community with over 174,000 signatures. Over the past month, Shiba Inu price dropped over 30%; a further drop is expected. Shiba Inu is holding its ground despite the drop in altcoin prices. The growing popularity of the crypto may not be enough to prevent a downtrend in SHIB price.

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XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.