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Cryptocurrencies Price Prediction: Ethereum, Dogecoin & Cardano – American Wrap 07 January

Ethereum Price Forecast: ETH dives over 6% as staking withdrawals rise

Ethereum (ETH) is down 6% on Tuesday after the recent general crypto market decline canceled out gains seen in the past five days. If ETH fails to bounce off the lower boundary support line of a symmetrical triangle pattern, it could crash to the $3,000 psychological level.

Ethereum Total Value Staked. Source: CryptoQuant

Cardano whales bought 10 million ADA tokens in 24 hours, what does this mean?

Cardano (ADA) loses 2% on Tuesday amidst profit-taking by traders. The altcoin’s large wallet investors are accumulating the token at a rapid pace. This is typically considered a bullish indicator for Cardano and could support a recovery. 

Cardano

Dogecoin Price Prediction: DOGE traders deposit $1.2B as France’s Macron tackles Elon Musk

Dogecoin price consolidates below $0.40 on Tuesday, amid tailwinds from France's President Emmanuel Macron raised election meddling allegations involving Elon Musk on Monday. DOGE traders have opened over $1.2 billion worth of new positions within 24 hours of the news. Is the DOGE price on the verge of abreakout to $1 or a reversal toward $0.30? 

 

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