Dogecoin, Cardano & Shiba Inu — Asian Wrap 26 Oct

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Dogecoin price could see some incoming speculative money from profit-taking in Shiba Inu. A bullish close above the Cloud on the daily chart indicates future upswing likely. The outperformance of Shiba Inu is likely as Dogecoin lags the majority of the market.

Cardano price completed seven consecutive weeks of weekly closes below their open. Extremely tight trading ranges often preceed explosive movement. The next bullish breakout for Cardano is likely to target new all-time highs in the $4 value area.

 

Shiba Inu price has outperformed almost all its peers, with an astounding rally of over 500% from the October open. However, some profit-taking and a general retracement may occur before Shiba Inu continues its drive higher. Shiba Inu price has two primary trade setups to start the final trading week of October, one long and one short.



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