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

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

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

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.

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