SHIB, BTC and ETH: Expect These Levels Next Week!

Cryptocurrency prices started to move sideways after the statements of FED Leader Jerome Powell. While this horizontal price movement continues, analysts share new price claims based on the latest information. In this context, an analyst announced his predictions for the next week for Shiba Inu (SHIB), Bitcoin (BTC) and Ethereum (ETH). Here are the details…

“Shiba Inu (SHIB) price poised to rise”

The Shiba Inu is giving signals that investors will provide profitable opportunities in the coming days. During the week, SHIB fell in turbulent fashion. Irregular pullbacks have given signals that the downtrend is weakening. Additionally, the overall bearish move was very small in volume compared to the previous bullish move. The bears formed a mania near the 8-day exponential moving average (EMA). Therefore, SHIB price is currently auctioning at $0.00001060.

An increase in volume is seen on a doji candlestick below the barrier as the initial rejection falls below the low volume. SHIB investors should wait for heavy fighting to begin near the area. If the bulls are able to block the 8-day EMA, a rally is possible, targeting the September high at $0.00001394. Accordingly, the chest coin has the potential to increase by 30% from its current price. However, this bullish thesis depends on the fact that $0.000000880 remains the mainstay. If the boost is lost, the price will drop another 30%.

“Bitcoin (BTC) is at a crossroads” As we reported, the Bitcoin price is volatile for the third consecutive week. Accordingly, the BTC price fluctuated between $18,000 and $19,500 throughout the week. The Relative Strength Index (RSI) has breached the oversold zone. Thus, it signaled more upside potential in the short term. Bitcoin price is at auction at $19,231. The bulls are again trying to recapture the twice-rejected 8-day exponential moving average (EMA) at $19,400.

If the bulls successfully break through this snag, there will be a rise to the 21-day easy moving average of $20,000. Accordingly, it is possible for the crypto market to turn up again as the BTC price tries to find stable ground. In the middle, there is also the possibility that the 3rd match with the EMA is the catalyst for a much more valuable decline. If the bulls fail to break through the resistance, a drop targeting the June 13 low of $17,622 is possible.

“Ethereum (ETH) may drop further”

Ethereum price expects a countertrend rally after the bearish. Since September 12, the altcoin has lost 30% of its market value. However, an Eiffel-style drop occurred in the daily time frame. This has caused investors to adopt a cautious mindset that tends to stay on the sidelines. Ethereum price is currently trading at $1,305. The altcoin tagged the previous resistance zone at $1,220 and produced a bullish divergence on the 2-day chart.

Subsequently, the bulls pushed the price 10% higher to the $1,340 barrier where the 8-Exponential Moving Average (EMA) is positioned. However, the EMA rejected the first attempt to rally higher. This was an early warning that for investors with a “buy low, sell high” mentality, there would be no reliable market base. If the bulls fail to break the $1,340 barrier, no entry is worth it. If this happens, ETH will witness a drop below $1,200 on July 16. At this point, the price could visit $1,006 to rise again.

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