Cryptocurrencies Price Prediction: Dogecoin, Ripple & Cardano — Asian Wrap 22 Sep
|Dogecoin price heads south toward $0.10, DOGE bulls show little opposition
Dogecoin price action points to a continuation of the downside pressure it has experienced over the last month. Little supportive price action exists as bulls continue to disappear and fade away. Dogecoin price continues to drift lower as bears maintain a relentless assault against the bulls.
XRP price in free fall below $1.00
XRP price continues to show extreme weakness as bears continue to drive bulls into very near capitulation levels. The current Ichimoku Kinko Hyo chart for XRP is the most bearish chart XRP has seen since May 2021. XRP price is at a make-or-break level.
Cardano bulls bleed as they try to catch a falling knife
Cardano price is currently trading inside the Cloud within the Ichimoku Kinko Hyo system. This is because the Cloud represents an area of volatility and indecision, conditions that aptly describe the current condition of Cardano. Cardano price action shows a textbook case of the trading phrase known as ‘catching a falling knife.’
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.