Cryptocurrencies Price Prediction: Tron, Shiba Inu & Terra — Asian Wrap 16 June

FXStreet Team FXStreet

TRON’s TRX price induces a liquidity purge that can lead to substantial losses

TRON price wipes liquidity and could be setting up for another decline. The liquidity hunt has poured in new liquidity, making it a favorable digital asset for intraday trading and scalps. Invalidation of the downtrend is a breach above $0.075.

Shiba Inu price signals mayhem in the market as bears aim for new all-time lows

Shiba Inu price next Fibonacci projection target lies 17% below the current price level. A break below $0.00000750 could justify a short entry targeting $0.00000500 as the price action has fallen in free-fall manner. Invalidation of the downtrend is a breach at $0.00000950.

Terra Luna price persists in public dismay as CEO Do Kwon is accused of voter fraud

Tera Luna price is losing more than just bullish grounds as market sentiment festers in disdain. LUNA price could fall to $1.39 if the bears successfully print a closing candle below the 50% Fibonacci level on the daily chart. A close above $2.74 could invalidate newly established shorts and trigger a rally towards $3.79

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FXStreet Team

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.