Shiba Inu, Ripple & Cardano – American Wrap 02 June

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Shiba Inu price has been moving in a tight range for more than two weeks. The sideways movement combined with declining volume suggests that SHIB is due for a massive breakout move. Shiba Inu price shows an extended consolidation after a massive flash crash caused by Ethereum creator Vitalik Buterin, after he pulled the SHIB liquidity from Uniswap. The dog-themed cryptocurrency is trading sideways, awaiting a trigger for a massive breakout move.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: XRP readies for 40% rally, as the crypto market consolidates

Bitcoin price continues to coil within a symmetrical triangle, with the pattern apex converging on June 10. Ethereum price closed May with a long-legged doji pattern signaling equilibrium between the forces of supply and demand. XRP price forming cup-with-high-handle base, the first high probability opportunity for investors.

Cardano price to outperform the rest of the market despite ADA consolidation

Cardano price seems to be contained within two massive barriers. A daily candlestick close above $1.85 could lead to higher highs. Conversely, falling below $1.40 might see ADA crash to $0.84. Cardano price has endured a two-week-long consolidation period without providing a clear signal for where it is heading next. 

 

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