Dogecoin, Ripple & Shiba Inu — Asian Wrap 02 Aug
Dogecoin price might slide 20% as on-chain metrics scream sell
Dogecoin price set up multiple higher highs since July 17 but is currently showing weakness, indicating a shift in trend. On-chain metrics suggest that losing a critical support level might trigger a slew of selling pressure, pushing DOGE lower. Dogecoin price was on a clear uptrend since July 17 as the buyers set up two consecutive higher highs.
XRP price pauses its recent uptrend, consolidating in a familiar range for the fourth day in a row, as the digital asset bides time to resume the next leg higher. Ripple’s rally picked up steam in the previous week, tracking its rivals – Bitcoin and Ethereum higher, recording a whopping 27% gain over the past seven days.
Shiba Inu price Prediction: Tide turning in favor of SHIB bulls, as $0.00000750 beckons
Amid an upbeat momentum seen across the crypto board, Shiba Inu is taking inspiration on Sunday, as it looks to extend Saturday’s upswing from near the $0.00000590 support area. The recent rally in the so-called ‘Dogecoin Killer’ was fuelled by eToro’s, leading investment platform, the listing of Shiba Inu in response to rising demand from traders.
Read here about Ethereum price.
And here about markets data.