Cryptocurrencies Price Prediction: Shiba Inu, Dogecoin & Cardano – American Wrap 19 August
Shiba Inu downtrend is not over yet but help is underway
Shiba Inu has had its run higher but hit a cap at the beginning of the week. A full correction has taken place, wiping out almost the entire profit of two weeks' gains. The velocity at which buyers have been squeezed out of their longs shows that short-sellers were waiting for a moment to strike. The shift in sentiment has taken over control of SHIB price and is pushing price action further down.
Dogecoin Price Prediction: DOGE to retest of $0.35 by the end of August
Dogecoin price (DOGE) had a solid run higher after buyers stepped in and lifted price action to form a green ascending trend line and mark the 200-day Simple Moving Average (SMA) as support.
Cardano investors wonder whether resistance can prevent ADA from retesting $2.30
Cardano price (ADA) is still very much in good health and running higher. However, ADA has been forming a downward sloping cap on its price action. Price is getting squeezed with lower highs, but support is not budging and is defending profits made.
Author
FXStreet Team
FXStreet
