Cryptocurrencies Price Prediction: Cardano, Stellar & Shiba Inu – American Wrap 24 June
|Cardano price confronts imposing $1.40, but ADA relative strength may prevail
Cardano price rebound from the 200-day simple moving average (SMA) began with a doji candlestick pattern and has since evolved into two meaningful days higher with ADA now testing the intimidating 2018 high of $1.40. ADA may be poised for a period of oscillating price action around $1.40, but the cryptocurrency may have achieved a final corrective low.
XLM price could skyrocket 45% if it can reclaim this critical barrier
XLM price has slipped below the range low after the recent crash. Despite the minor recovery rally, Stellar is trading below it. Going forward, the remittance token’s future is dependent on this barrier and will play a pivotal role in deciding its short-term future.
Shiba Inu Price Prediction: SHIB may reward patience with an 80% return
Shiba Inu price did test the May 19 low again earlier this week but did rebound before testing the June 11 low, establishing the low point of a potential inverse head-and-shoulders pattern. The ongoing rebound has been tentative, suggesting a mild pullback before starting a rally towards the pattern’s neckline. With two four-hour moving averages haunting price, practicing patience and letting the SHIB right shoulder develop is advisable.
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