Cryptocurrencies Price Prediction: Ethereum, Cardano & Safemoon – American Wrap 26 May
|Breaking: Ethereum breaks below $1,900 as selling pressure accelerates
Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic outlook derives from the formation of a bear pennant pattern on the four-hour chart.
Breaking: Cardano has dipped below $0.50, increasing the risk for a 50% correction
Cardano dipped below the $0.50 support level over the past few hours. A decisive close below such a vital demand zone will put ADA at risk of a 50% correction toward $0.25. This pessimistic outlook derives from the formation of a bear pennant pattern on its 12-hour chart.
Safemoon price has rallied 80% in a week, here’s what could happen next
Safemoon price has displayed impressive strength within the crypto market. There is no evidence at the current time suggesting an end to the current uptrend move.
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.