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Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Bitcoin – American Wrap 09 August

Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Bitcoin – American Wrap 09 August
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC exudes confidence as ETH and XRP test newly discovered support

Bitcoin price shrugs off resistance, while ETH and XRP are retesting the breakouts. The overall impulsiveness of the rally has not diminished as the three cryptocurrencies are overcoming widespread doubt and concerns.

Shiba Inu price free to pursue 50% rally after SHIB beats pivotal resistance

Shiba Inu price paralyzation from July 22 to August 6 generated a lot of doubt and relative uncertainty. Still, SHIB broke the silence with a 23.30% gain on August 7, claiming the 50-day SMA for the first time since July 7. The development is more than a technical event and has positioned the cryptocurrency for a potentially better outcome if it can reconcile the resistance formed by the upper line of the descending parallel channel.

Ethereum network activity struggles to keep up with bullish bias

Ethereum’s London hard fork revives a bullish bias among retail traders, the altcoin’s price struggles to keep up with the trend. On-chain analysts raise concerns as ETH price hovers around $3000 despite market-wide euphoria. Josh Cincinnati, developer advocate BlockCypher states that ETH supply is now tied to gas demand; therefore, EIP 1559’s implementation does not imply that ETH is now a deflationary asset.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple lags recovery as exchange reserves expand

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

Pi Network hits a make-or-break level amid renewed social buzz

Pi Network hits a make-or-break level amid renewed social buzz

PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Uniswap risks steeper decline as bearish signals pile up

Uniswap risks steeper decline as bearish signals pile up

Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.