Cryptocurrencies Price Prediction: Bitcoin, Uniswap and Dogecoin – European Wrap 26 February
|Grayscale on selling spree as Bitcoin correlation to equities market deepens
Grayscale gigantic Bitcoin trust is falling at a rate faster than the recent drop in the price of the leading cryptocurrency. Grayscale Bitcoin trust has plunged roughly 20% in less than a week compared to a 13% dip in BTC. On the other hand, the cryptocurrency correlation with the equity market is hitting new levels. With the equities market on a downward spiral, Bitcoin may continue with the dip to $38,000. Read more...
DOGE bullish failure could cause a 20%-to-40% correction
Dogecoin price shows a failure to hold above the bull flag’s breakout point at $0.055. This lack of buying pressure has caused a pullback into the consolidation zone. Now, DOGE faces a bearish outlook that could result in a steep correction. Read more...
UNI whales major exodus ahead of 74% downswing
Uniswap has hit another barrier at $28, cutting short the recovery staged from $18. The mission to gain ground to the all-time high of around $34 has been abandoned, with losses extending toward $20. UNI is trading at $22 after losing a couple of key support zones, likely to flip into intense seller congestion areas. Read more...
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