Shiba Inu, DogeCoin & Cardano — Asian Wrap 18 July

Shiba Inu price continued sideways price action merits a second guess in further up trend potential. A 25% decline is now on the table for the notorious meme coin. Shiba Inu price shows untrustworthy signals as the bulls are establishing a retracement since the 16% sell-off on June 9.


Dogecoin hovers over an ascending parallel channel. DOGE price has retreated into the $0.05 barrier but has 20% more wiggle room to fall without invalidating mid-term bullish projections. Safe invalidation of the downtrend is a breach above $0.07634


Cardano price shows reason to believe in further decline. If the sell-off occurs, there may be a knife-catching opportunity in the $0.35 region. Cardano price currently trades at $0.43 as an ongoing consolidation ensues post-rebound from the double bottom established on July 13 at $0.4019. 

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