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Cryptocurrencies Price Prediction: Shiba Inu, Ethereum & Bitcoin — Asian Wrap 14 August

Cryptocurrencies Price Prediction: Shiba Inu, Ethereum & Bitcoin — Asian Wrap 14 August
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu has potential for rally but faces key technical hurdles

Shiba Inu (SHIB) is down 0.1% on Wednesday following loss of a key accumulation zone. Meanwhile, its on-chain and technical indicators suggest potential for a brief rally.

Ethereum risks 25% decline if it fails to overcome key trendline as investor accumulation continues

Ethereum is up more than 2% on Tuesday following minor inflows across ETH ETFs. ETH technical indicators suggest that its price could approach the $2,000 psychological level in the coming weeks, but investors' accumulation may prevail due to key on-chain metrics.

Bitcoin shows signs of recovery as Bitgo begins final Mt. Gox distribution

Bitcoin (BTC) is up over 3% on Tuesday as investors reacted positively to the final lap of Mt. Gox supply pressure. Meanwhile, Glassnode data reveals investors have resumed accumulation, hoping to see Bitcoin record higher prices.

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