|

Cryptocurrencies Price Prediction: Shiba Inu, Decentraland & Ripple – American Wrap 22 December

Dogecoin-killer Shiba Inu presents 4:1 buy opportunity before SHIBA breaks out

Shiba Inu price action has been a source of frustration for many hodlers and bulls who remain on the sidelines. But changes are developing. The Relative Strength Index on the daily chart has moved above the last oversold level in a bull market (40). Additionally, the Composite Index has crossed above both of its moving averages.

Decentraland price likely to rally 23% if MANA can flip this hurdle

Decentraland price has produced three lower lows and four lower highs since December 6, indicating a steady downtrend. However, after the December 15 swing low at $2.93, the tide is turning for  MANA, starting with higher lows, indicating a slow shift in favor toward bulls. Although there have been two higher highs, Decentraland price needs to produce a four-hour candlestick above $3.64, to solidify its stance. 

XRP Price Prediction: Christmas rally to $1.70 begins

XRP price has hit an entry that has been identified in previous analysis. The theoretical long entry setup is a buy stop or buy limit order at $1.00, a stop loss at $0.80, and a profit target at $1.70. The trade idea represents a 3.5:1 reward for the risk setup. But it’s the pattern that has developed that is most important.

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 Price Forecast: Sellers retain control as Evernorth Holdings files with SEC to buy more XRP

Ripple’s (XRP) correction on Monday is deepening below $1.30, reflecting growing headwinds in the broader cryptocurrency market. Based on the token’s technical picture, the path of least resistance could stay downward until the $1.30 supply area flips into support.

Bitcoin stalls around $80,000 as geopolitical tensions dampen risk appetite

Bitcoin hovers around $80,500 on Monday after three straight weeks of correction. Rising geopolitical tensions in the Middle East continue to push oil prices higher, stoking inflation concerns and dampening risk appetite.

Crypto Today: Bitcoin, Ethereum and XRP extend losing streak as bearish momentum builds

Cryptocurrency prices are broadly correcting on Monday, led by Bitcoin’s five-day sell-off. Ethereum edges lower and trades around $2,325, as sellers build momentum to retain control over the trend. Meanwhile, Ripple shows signs of consolidating.

Pi Network Forecast: PI token remains under bearish pressure despite network access and security upgrade

Pi Network trades around $0.075 on Monday, holding steady after two consecutive days of roughly 2% losses, resulting in the lowest weekly close ever. Pi Network rolled out desktop version 0.6.4 on Thursday, focused on improving remote access and security for local AI apps.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.