Cardano, Dogecoin and Ethereum – European Wrap 13 October

0
69


Cardano price has been on an exponential run in 2021, which seems to have exhausted its momentum. After the second swing high on August 30, ADA is now undergoing a full-blown retracement. While this correction started roughly a month ago, more seems to be on its way for the so-called “Ethereum-killer.”

 

ADA/USD 1-week chart

Dogecoin price has been on a slow and steady downtrend. However, this correction is undoing its recent gains and is close to converting a crucial support area into a resistance barrier. While the current outlook is bearish, this descent will set up a much-needed bottom reversal pattern, propelling DOGE to nearly double in value.

DOGE/USDT 1-day chart

Ethereum price (ETH) is forming a bullish chart pattern that suggests ETH could rally 25% if the technical pattern is robust. However, the second-largest cryptocurrency by market capitalization could see a minor sell-off before bigger aspirations can be realized. 

ETHUSDT

 

 

 

 



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here