Ethereum, Cardano, and Dogecoin prices show mixed movements on Tuesday. Ethereum dips due to market decline and staking withdrawals, Cardano sees accumulation by whales, and Dogecoin consolidates amidst Elon Musk-related news.
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. 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 thenews. Is the DOGE price on the verge of abreakout to $1 or a reversal toward $0.30
CRYPTO ETHEREUM CARDANO DOGE MARKET MOVEMENT
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