These two altcoins may decouple from Bitcoin and target new highs
Solana price releases from a symmetrical triangle continuation pattern and recaptures tactically important moving average. Compound price building the right shoulder of an inverse head-and-shoulders pattern, consolidating 170% rally. Meanwhile, Bitcoin price languishing near the June correction lows, void of any sustainable, impulsive bid. The decentralized finance (DeFi) space has been a reservoir of exciting trading opportunities since June 22. Based on the charts, SOL and COMP stand out for their relative strength and future potential to decouple from the flagship cryptocurrency, Bitcoin.
Ethereum Price Prediction: ETH decline just beginning, primed to fall another 20%
Ethereum price triggers a rising wedge pattern with a resounding decline of over 7% at the time of writing. Rumors of a delay for the London hard fork have been presented as the reason for today’s fall, but the charts already offered clear evidence that ETH was ready for a decline. Based on the price structure, not the rumors, the smart contracts giant could decline a further 20%.
Cardano Price Forecast: ADA could drop to $1.28
Cardano price looked promising for more upside at the beginning of the week. Sentiment shifted today after the US Federal Reserve FOMC-minutes showed worries for investors. ADA is looking for a retest of $1.28 or a 6.5% correction. Cardano price opened the trading session this Thursday morning with a few worries. Most indices are in the red after the FOMC minutes published on Wednesday. Markets look to go for some risk-off today, and ADA is taking the punches.
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Shanghai court confirms legal recognition of crypto ownership
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BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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