2021-07-06 23:00:00

Dogecoin, Cardano & Bitcoin – American Wrap 07 July

Accurate Bitcoin fractal predicts BTC could jump to $48K before fatal crash to $16K

A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet’s analysts evaluate where BTC could be heading next as it seems bound for a correction before higher highs.

Cardano Price Forecast: ADA breakthrough lacks conviction, time for a 15% retracement

Cardano price has oscillated around the 2018 high for much of 2021, either striking resistance at the level or support. Thus, the weekly close above $1.40 last week was a bullish departure from the daily rejections that dominated trading in the last week of June. Nevertheless, the lack of volume underpinning the bullish event combined with no follow-through this week, and a notable layer of resistance around $1.55 may project a quick reversal of fortune for ADA.

Why Dogecoin price may plunge 35%

Dogecoin price staged a notable 90% rebound from June 22 to June 25. It was a welcome change from the weakness that defined price through much of May and June. However, since June 25, DOGE has not translated the initial bounce into a sustainable rally, reaching the 50-day simple moving average (SMA) or higher. In reality, the meme token broke below the lower trend line of the minor symmetrical triangle pattern plotted since June 25.

empty message

empty message

empty message

empty message

empty message