Cryptocurrencies Price Prediction: Ethereum Classic, UniSwab & Shiba Inu — Asian Wrap 20 July
|Ethereum Classic Price Prediction: ETC must fall another 20% before a bona fide rebound
Ethereum Classic price is flat on the trading day, while the broader cryptocurrency complex is trading down, with individual losses reaching -11%. It is an interesting point of relative strength, but when a .34% gain is placed in the context of a 35% decline since the June 30 high, it doesn’t represent a trend change. As a result, the ETC price structure remains insecure, with a clear bias for further downside in the coming days.
Grayscale goes long on Uniswap, while UNI price targets $11
Uniswap price has fallen 30% since the 200-day simple moving average (SMA) test on July 7. The cryptocurrency now sits just above the lower trend line of a symmetrical triangle going back to the May 23 low. The near-term outlook for the DeFi token is mixed as UNI has decoupled from the bullish thrust underpinning the DeFi space off the June 22 low and taken on the form of the bearish cryptocurrency market. Market speculators should anticipate a test of at least the May 23 and June 22 lows.
Shiba Inu primed for another drop as SHIB bears target $0.0000032
A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet's analysts evaluate where SHIB could be heading next.
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