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Category: Crypto News, News
Ethereum, Dogecoin & Cardano – American Wrap 07 January
Ethereum (ETH) is down 6% on Tuesday after the recent general crypto market decline canceled out gains seen in the past five days. If ETH fails to bounce off the lower boundary support line of a symmetrical triangle pattern, it could crash to the $3,000 psychological level.
Cardano (ADA) loses 2% on Tuesday amidst profit-taking by traders. The altcoin’s large wallet investors are accumulating the token at a rapid pace. This is typically considered a bullish indicator for Cardano and could support a recovery.
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Dogecoin price consolidates below $0.40 on Tuesday, amid tailwinds from France’s President Emmanuel Macron raised election meddling allegations involving Elon Musk on Monday. DOGE traders have opened over $1.2 billion worth of new positions within 24 hours of the news. Is the DOGE price on the verge of abreakout to $1 or a reversal toward $0.30?
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