Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Solana – American Wrap 11 November

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Shiba Inu must hold key support to avoid total capitulation

Shiba Inu price found itself a victim of the selling pressure faced across all financial markets on Wednesday. Shiba Inu has found some technical support at the 50% Fibonacci retracement at $0.000049, but buying appears to be drying up. As a result, Shiba Inu is very much at risk of a capitulation move towards $0.0000100.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos march to new highs with uptrend intact

Bitcoin price popped higher yesterday and made new all-time highs around $69,123.70, but then came under pressure from profit-taking in the US session as global markets got rattled by higher-than-expected inflation data. A similar pattern unfolded for both Ethereum and Ripple price action. With the US session closed today, investors will have a chance to reassess the situation and look beyond the inflation print to determine if markets will open in risk-off mode tomorrow or will shake off the inflation worries and focus back on the several bull runs that are ongoing.

Solana bulls buy the dip but SOL upside potential is capped at $280

Solana price was at more risk of a catastrophic move lower during Wednesday’s selling pressure than most cryptocurrencies. It is a testament to Solana’s strength and bullish sentiment that not only was the retracement limited, but Solana continued to trade near its all-time highs. Two trade possibilities are now present.

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FXStreet Team

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XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance and Shiba Inu have emerged as the worst-performing crypto assets in the same time period.

Pump.fun surges following rising revenue and social push

PUMP, the native crypto of token launchpad Pump.fun, saw double-digit gains on Monday, rising to nearly $0.00220, its highest level in about 11 weeks, before easing. The recent gains have stretched its 14- and 30-day performance above 38% and 50%, respectively.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.