Cryptocurrencies Price Prediction: Polkadot, Dogecoin and Shiba Inu – European Wrap 25 August

FXStreet Team FXStreet

Polkadot price prepares for a 10% haircut as top formation matures

Polkadot price shows signs of potential reversal as it starts to retrace after the recent rally. This development could allow bears to make some moves, especially if they are able to undo a portion of the recent gains.

How to be on the winning side of Dogecoin price’s 20% rally?

Dogecoin price shows no signs of an uptrend as it has consolidated after a recent crash. This move is likely to dig a little deeper before buyers come out of the woodwork and potentially trigger another leg-up.

Will Shiba Inu price provide buy signal before exploding to $0.0000200

Shiba Inu price is looking to find a stable support floor that doubles as a launching pad after it undid its explosives rally in under a week. This development could take SHIB to the volume point of control (POC), where large buyers are likely to step in and trigger another rally.

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XRP ticks up as risk-off mood, weak ETF demand cap recovery

Ripple (XRP) rebounds above $1.23 from support at $1.20 at the time of writing on Wednesday, as the broader cryptocurrency market pares losses triggered by escalating tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level.

Bitcoin takes a breather above $65,000 amid swelling institutional pressure

Bitcoin hovers above $67,000 as of Wednesday, taking a breather after over 6% loss the previous day. Whales are reducing their BTC holdings, likely influenced by the 12-day streak of ETF outflows.

Ondo extends gains, defying the broader market crash

ONDO extends gains on Wednesday, after rising 9% the previous day. Early access to Ondo Perps, offering 24/7 perpetual futures on US stocks, ETFs, and commodities, fuels the recovery.

Billions in ETF outflows don’t bode well

Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.

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