Ethereum, Cardano & Safemoon – American Wrap 26 May

Breaking: Ethereum breaks below $1,900 as selling pressure accelerates

Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic outlook derives from the formation of a bear pennant pattern on the four-hour chart. 

Breaking: Cardano has dipped below $0.50, increasing the risk for a 50% correction

Cardano dipped below the $0.50 support level over the past few hours. A decisive close below such a vital demand zone will put ADA at risk of a 50% correction toward $0.25. This pessimistic outlook derives from the formation of a bear pennant pattern on its 12-hour chart. 

Safemoon price has rallied 80% in a week, here’s what could happen next

Safemoon price has displayed impressive strength within the crypto market. There is no evidence at the current time suggesting an end to the current uptrend move.


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