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10/17/2021

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Cardano, Dogecoin and Ethereum – European Wrap 13 October

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 [...] The post Cardano,...

Cardano, Dogecoin and Ethereum – European Wrap 13 October

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.”

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

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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