|

Cryptocurrencies Price Prediction: Shiba, Ethereum & Solana– American Wrap 15 February

Shiba Inu price on path toward 24% gains as $0.00001600 hits bulls’ radar

Shiba Inu (SHIB) price looks to be unleashed from its burden that was priced in these recent couple of days brought on byUS inflation numbers. As that data is now out of the way, traders do not seem to question anymore what they mean. They were slightly lower, and that is all that counts for the markets. Expect a nice grind higher to tick $0.00001600 before the overheated Relative Strength Index (RSI) taps SHIB bulls on the shoulder to make them profit on this rally.

SHIB/USD daily chart

Ethereum Price Prediction: ETH to test $1,700 after underwhelming CPI print

Ethereum price is pretty much following the king coin Bitcoin’s lead to chart a rise in the last two days. The sudden drop in price suggested a reversal in trend could be incoming, and it did, except not in favor of the bears.
Ethereum RSI and ADX
Solana (SOL) price is maybe the best cryptocurrency to visualize what is going on in cryptocurrencies as an asset class. It has become very clear pre-2022 that cryptocurrencies are no longer the outlaws of the market that were defying gravity by trading higher while the whole world was trading its way down toward a recession. Since 2022 that has changed as cryptocurrencies are now acting as the canary in the coal mine: once they stop whistling, it is a sure thing that stocks will be next to tank.
SOL/USD daily chart

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

Crypto Overview: Bitcoin stabilizes above $65,000, as Zcash and Worldcoin lead broader recovery

Bitcoin shows signs of recovery, trading above $65,000 on Monday, as the broader crypto market rebounds, fueled by improving sentiment following the United States (US) and Iran's confirmation of a preliminary peace agreement.

Crypto Today: Bitcoin, Ethereum, XRP recovery gathers strength as US-Iran reach peace agreement

Cryptocurrency prices remain broadly elevated on Monday, led by Bitcoin’s upswing toward $66,000. Altcoins, including Ethereum and Ripple, mirror Bitcoin’s momentum, trading above $1,700 and $1.18.

Bitcoin extends rebound as US and Iran reach framework deal to end the war

Bitcoin steadies above $65,700 at the time of writing on Monday, after recovering nearly 4% in the previous week. BTC recovery was boosted following Sunday’s news that the US and Iran have reached a preliminary peace deal, lifting the risk appetite.

Pi Network Price Forecast: Launchpad upgrades, fading bearish pressure lift recovery prospects

Pi Network (PI) began the week on a positive note, trading above $0.1340 on Monday after posting a mild recovery and closing above a key resistance in the previous week.

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.