Cryptocurrencies Price Prediction: Zilliqa, Shiba Inu & Polkadot — Asian Wrap 19 August

FXStreet Team FXStreet

Is the Zilliqa price prepping for a monstrous 50% decline?

Zilliqa price could be due for a serious liquidation. Key levels have been identified. ZiIliqa price merits considerable concern as the ERC-20 token has failed to hold support at both the 8- and 21-day simple moving averages. Invalidation of the downtrend scenario is a breach above $0.058.

Shiba Inu Price Prediction: We've all made gains, now here comes the pain

Shiba Inu price could witness a sharp decline as multiple forecasts issued a warning of a potential pump and dump underway. Shiba Inu price is continuing to validate technical outlooks forecasted throughout the summer. Last week, a 35% increase was forecasted ahead of time, enabling subscribers a chance to partake in a profitable swing trade.

Polkadot Price Prediction: A $4 token by 2023?

Polkadot price has fallen penny-from-Eiffel style on two separate occasions. DOT price has printed three clean impulse waves and has yet to tag significant liquidity levels near the rally's origin point. A retracement can occur as high as $11.75 and still uphold a bearish outlook towards $4.00.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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