Cryptocurrencies Price Prediction: Shiba Inu, Ripple & Dogecoin — Asian Wrap 16 Mar

FXStreet Team FXStreet

SHIBA INU price has a high chance of a 30% swing, according to the two-week chart

SHIBA INU is forecasting a 30% move in the coming weeks. Following last week’s no-trade zone, the popular meme token has printed two consecutive inside week bars, within a 30% range. SHIB price on the 2-week Chart has printed consecutive inside bars on the two-week chart.

XRP price could rally towards $1.40 if bulls can break past $0.85

XRP price is still looking bullish despite last week's failure to stay above the weekly consolidation line. A 10% bounce from the current price of $0.77 could send Ripple price an additional 67% higher. XRP price has failed once again to close below the weekly trend line on the 12-hour chart.

Dogecoin price shows evidence of a market bottom before DOGE spikes to $0.16

Dogecoin price is on day 311 of its downtrend, with no immediate signs of discontinuing. Bulls will likely need to wait until the crucial Gann Season Date of March 21 before a clear change in direction would occur. Dogecoin price hinted at a possible beginning to a bullish reversal on Monday.

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FXStreet Team

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Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.