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Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Bitcoin – American Wrap 29 November

Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Bitcoin – American Wrap 29 November
FXStreet TeamFXStreet TeamFXStreet

Ethereum breaks out of bullish pennant, targets new all-time high at $5,000

Ethereum (ETH) looks to be back on track to  new highs, following Friday’s speed bump as global markets pushed all risk assets to the downside. Over the weekend, investors  reassessed the situation and bought the dip in several cryptocurrencies, including Ethereum. Expect a quick retake of the uptrend, brushing off  Friday’s correction, and look for new all-time highs by the end of this week.

Shiba Inu price prepares for 125% breakout to $0.000089

Shiba Inu (SHIB) has been downtrending within a pattern for almost the whole of November. After hitting the low of the month on Friday, with global markets in panic mode, investors could spot buy opportunities as concerns about the new Covid variant started to ease. Expect the pick-up on the buy-side to continue further and signal the start of a new longer-term uptrend towards $0.00008870.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets recover as buyers come back

Bitcoin price recovery after the COVID-induced crash seems to be going well. Ethereum and Ripple are promptly following the big crypto and are also on the path to recovery. 

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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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XRP holds $1.00 key support as modest ETF inflows temper bearish trend

XRP holds $1.00 key support as modest ETF inflows temper bearish trend

Ripple continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.

Zcash extends gains amid rising retail strength, Ironwood pool adoption

Zcash extends gains amid rising retail strength, Ironwood pool adoption

Zcash (ZEC) is up 5% on Monday, erasing the 4% losses from the previous week. The privacy coin gains retail strength amid rising user adoption, with Open Interest up 6% in 24 hours as Ironwood pool shielded volume crosses 3 million ZEC tokens.

Bitcoin range trade hints at looming volatility burst, analysts say

Bitcoin range trade hints at looming volatility burst, analysts say

Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand.

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite returning ETF outflows

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite returning ETF outflows

The crypto market is broadly consolidating on Monday, with Bitcoin (BTC) holding above $63,000, Ethereum (ETH) approaching $1,900 and Ripple (XRP) sitting on top of the critical $1.00 support level.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.