|

Cryptocurrencies Price Prediction: Ethereum, Terra & Shiba Inu – American Wrap 26 September

Ethereum whales gobble up SHIB, but Shiba Inu price withholds rally

Shiba Inu price is moving sideways around $0.00001100 after getting rejected at $0.00001225. The second-largest meme coin has been in a down trending channel since it encountered an intensive seller congestion area at $0.00001801 in early August. Interestingly, SHIB’s declines respected a rising trend line alongside its primary support, encouraging investors to take up long positions.

LUNA price takes off! Why A 40% Monday rally could be the start of much more

Terra’s LUNA price woke the market up on Monday morning. The controversial crypto token has rallied 40% in just hours as an uptick in volume persists on lower time frames. The move is the first sign of positive reinforcement following the 75% decline in September. Before the mudslide, LUNA had risen 300% in a week. The newfound bullish price action could be the continuation of the FOMO rally.

Ethereum Price Prediction: Miners poised to sell after GPU mining goes bankrupt

Ethereum price has yet to retaliate against the bearish onslaught experienced this month. Since September 10, the bears have forged a steep decline suppressing any attempts for a V-shaped retaliation. The downtrend fuels the newly developing bearish sentiment surrounding the Ethereum Merge.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple falls below $1.20 despite Africa stablecoin payments push

XRP corrects to trade below $1.20 following early-week rejection at $1.28 and broader crypto market weakness. XRP remains under pressure from declining major moving averages, undermining the MACD buy signal.

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Fed's interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 at the time of writing on Wednesday as investors await the Fed’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.