Cryptocurrencies Price Prediction: Ethereum, VeChain and Cardano – European Wrap 25 March


Ethereum Price Prediction: ETH heads back to $2,000 after holding key support

Ethereum dived below several key support levels, including $1,700 and $1,650, before embracing the buyer congestion zone at $1,540. A recovery is underway, with bulls having stepped above $1,600. Price action beyond the 50% Fibonacci level is likely to pave the way for gains eyeing $2,000. Read more...

ETH/USD 4-hour chart

 

VeChain Price Prediction: VET bulls have two support levels to defend to avoid 30% correction

The VeChain price has shown textbook adherence to the ascending parallel channel. Now, a retracement seems likely if bulls fail to defend crucial levels. Read more...

VET/USDT 12-hour chart

Cardano Price Prediction: ADA needs to reclaim this level to retain bullish outlook

Cardano price is showing signs of indecisiveness as it trades along the hypotenuse of an ascending triangle pattern. Read more...

 

ADA/USDT 4-hour chart

 

 

 

 

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Grayscale knows something about Ethereum Classic that retail doesn't as it offloads 28,382 ETC

Grayscale, one of the largest cryptocurrency investment companies, have been selling their Ethereum Classic holdings for over four months. This rapid decline in their ETC holdings paints a bearish picture. 

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Ripple upside potential hindered by stiff hurdles despite attempt at recovery

XRP price is up by over 30% since its swing low on July 20, as Ripple is seeking to reverse the period of underperformance. The cross-border remittance token sliced through a significant declining trend line, leading to a 14% bounce.

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Shiba Inu price has more room to move higher

Shiba Inu price broke out of its consolidation phase as it rallied 12% today. This upthrust of buying pressure has also cleared a crucial ceiling that will be flipped to support after a retest. Therefore, investors need to watch out for a bounce from the said demand zone.

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Elon Musk loses his Midas touch as Dogecoin price grapples with $0.213

Dogecoin price hovers below a crucial ceiling, a breach of which will allow the meme coin to propel itself higher. However, after a steady rally since July 20, a retracement seems likely. Therefore, investors can expect the leg-up that follows this correction to take a jab at the said supply barrier.

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