Cryptocurrencies Price Prediction: Shiba Inu, DogeCoin & Cardano — Asian Wrap 18 July

FXStreet Team FXStreet

Why the Shiba Inu price suddenly seems so bearish

Shiba Inu price continued sideways price action merits a second guess in further up trend potential. A 25% decline is now on the table for the notorious meme coin. Shiba Inu price shows untrustworthy signals as the bulls are establishing a retracement since the 16% sell-off on June 9.

Dogecoin Price Prediction: Has the worlds' favorite dog coin finally bottomed?

Dogecoin hovers over an ascending parallel channel. DOGE price has retreated into the $0.05 barrier but has 20% more wiggle room to fall without invalidating mid-term bullish projections. Safe invalidation of the downtrend is a breach above $0.07634

Why the Cardano price continues to deviate from the rest of the market

Cardano price shows reason to believe in further decline. If the sell-off occurs, there may be a knife-catching opportunity in the $0.35 region. Cardano price currently trades at $0.43 as an ongoing consolidation ensues post-rebound from the double bottom established on July 13 at $0.4019.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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