Cryptocurrencies Price Prediction: Uniswap, Shiba Inu & SafeMoon – American Wrap 30 September

FXStreet Team FXStreet

Uniswap price action could lose 44% if bulls can not defend $22

Uniswap price action has set up a bull trap. With the downtrend still intact, bulls are scrambling to protect $22. If $22 breaks, expect support to evaporate and give bears a free ride to $13. Uniswap (UNI) has formed a bull trap in its downward trend. With bulls licking their wounds, expect fewer support at $22. A break would spell more downside risk towards $13 for October.

Dogecoin killer Shiba Inu ready to rally after launching 10,000 NFTs on ShibaSwap

Shiba Inu announces sale of 10,000 randomly generated NFTs available for sale on ShibaSwap. Buyers will be able to name their Shiboshis by burning SHIB tokens, further reducing the tokens in circulation. Dogecoin millionaire Glauber Contessoto currently holds nearly $2 million worth of DOGE tokens and is reluctant to sell. Analysts have noted declining interest in Shiba-Inu-themed cryptocurrencies: Dogecoin and Shiba Inu token. However, the latest developments in the Shiba Inu ecosystem are set to drive scarcity in the circulating tokens.

SafeMoon price has 26% gains on the table

A brief technical and on-chain analysis on SafeMoon price. Here, FXStreet's analysts evaluate how SAFEMOON will breakout.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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