Shiba Inu, Cardano and SafeMoon – European Wrap 21 July

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Shiba Inu price is showing signs of life after a massive downtrend. This development is seen across the board, with almost all altcoins resulting from an uptick in Bitcoin price.

 

SHIB/USDT 9-hour chart

Due to the choppy nature of the cryptocurrency markets, most altcoins, including ADA, have taken a hit. Despite the sideways movement, some cryptocurrencies have managed to stay afloat. The same cannot be said for Cardano price, which is hovering around a dangerous territory that could make or break its short-to-midterm future.

ADA/USDT 1-day chart

SafeMoon price could recover some ground with the favorable rally that is passing through the cryptocurrency market today. However, unlike some, SafeMoon is still not breaking out of a bearish triangle play on the daily chart, and more downside seems to be in the cards.

 

SafeMoon/USD daily chart

 

 

 

 



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