Cryptocurrencies Price Prediction: Ethereum, Cardano and Shiba Inu – European Wrap 30 August


Ethereum edges closer to a breakout that would be determined by this price level

Ethereum (ETH) is consolidating in its price action. Price is getting squeezed in from both sides by buyers and sellers. The highs are getting lower, and the lows are getting higher. A breakout looks imminent, and it will be critical to see if ETH can run up again toward the higher boundary at $3,391.

 

ETH/USD daily chart

Analysts expect ADA price to blast off to $3 ahead of Cardano’s Alonzo hard fork

As non-fungible token creators consider minting NFTs on Ethereum “unfeasible” due to high transaction costs, Cardano offers a viable and low relative cost alternative on its mainnet. 

Shiba Inu correction still not over, more pain yet to come for SHIB

Shiba Inu has presented a clear downtrend since its local top at $0.00000947 on August 17. SHIB has painted a bearish outlook with a governing technical pattern that suggests the canine-themed cryptocurrency still faces the risks of a 7% drop from the current level. 

More pain yet to come for SHIB

 

 

 

 

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Editors’ Picks

Cardano price eyes 25% gains as on-chain metrics signal recovery

Cardano price is consolidating after a swift recovery from the December 4 flash crash. Investors can expect the next leg to set up a higher high and flip the narrative bullish. Moreover, on-chain metrics for ADA also suggest that this move is possible.

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Shiba Inu price deviates from the mean, hinting at a 25% upswing for SHIB

Shiba Inu price looks ready to move higher as it collects liquidity resting below crucial levels. This move has primed SHIB for an upswing, and the confirmation will arrive after a higher high is set up. A swing low below $0.0000295 will invalidate the bullish thesis

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Bitmart exchange confirms hack resulting in $200 million in crypto losses

Popular cryptocurrency exchange Bitmart has recently suffered a hack, with an estimated $200 million in losses as a result. The hacker made away with over 20 tokens, including Shiba Inu, Binance Coin, SafeMoon and used decentralized ...

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XRP must break $1.20 to regain bullish momentum

A brief technical and on-chain analysis on XRP price. Here, FXStreet's analysts evaluate different patterns and indicators that suggest Ripple faces stiff resistance.

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