Cryptocurrencies Price Prediction: Terra, Shiba Inu & Dogecoin – American Wrap 19 April
|Dogecoin Price Prediction: DOGE bound for a 70% breakout
A brief technical and on-chain analysis on Dogecoin price. Here, FXStreet's analysts evaluate where DOGE could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
This is when to buy Shiba Inu before it breaks out
Shiba Inu (SHIB) price slips back below $0.00002600 as price action undergoes a rejection by the monthly pivot at $0.00002550 after forming a bull trap. Additionally, the Relative Strength Index (RSI) is slipping below 50, showing that investors’ interest is fading as traders are on edge due to the fact the new earnings quarter is set to kick in today, and FED comments this morning painted a possibly even more hawkish rate path for the near future. That last one is important for setting the scene of risk appetite in the coming weeks and months and is pushing SHIB price towards $0.00002200 for now, resulting in a 12% loss.
Terra’s LUNA surges 17% as UST becomes third largest stablecoin
Terra’s LUNA outperformed the wider crypto market with a 17% bump in the past 24 hours, pushing prices to over $90 in Asian hours on Tuesday. LUNA pushed past the $80-$82 mark, a pivot support level, to as much as $92.07 during early Asian hours. Profit-taking saw prices fall to $89 at writing time, another support level for the token. The move comes after a nearly 37% drop in the first two weeks of April following lifetime highs of $120 earlier this month.
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