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Cryptocurrencies Price Prediction: Dogecoin, Cardano & Tezos – American Wrap 5 February

Dogecoin Price Forecast: DOGE defends critical support and heads towards $0.060

Dogecoin has been extremely volatile in the past week due to endorsements from Elon Musk and a massive pump orchestrated by the subreddit WallStreetBets which managed to successfully push the price of Gamestop stock, triggering a massive short squeeze.

The In/Out of the Money Around Price (IOMAP) Cardano ADA

Cardano Price Prediction: ADA is at risk of a massive correction down to $0.43

Cardano had another major breakout on February 5 jumping by 21% within 12 hours and reaching a new 2021-high at $0.529. However, several metrics show that ADA is now poised for a significant correction.

Cardano ADA chart

Tezos Price Prediction: XTZ flashes sell signal at a crucial resistance level

Tezos has been trading in a robust uptrend since December 24, 2020, but has topped out at a crucial resistance level several times. It seems that the digital asset is bound to see another correction as a critical indicator has flashed a sell signal. 

Tezos chart

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