Dogecoin, Cardano & Tezos – American Wrap February 5th

Dogecoin has been extremely volatile over the past week on the basis of recommendations from Elon Musk and a massive pump orchestrated by the WallStreetBets subreddit that managed to successfully push the price of the Gamestop stock, triggering a massive short squeeze.

Cardano had another major breakout on February 5, jumping 21% in 12 hours to hit a new 2021 high at $ 0.529. However, several metrics show that ADA is now ready for a significant correction.

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 hit crucial resistance levels several times. It seems that the digital asset needs another correction as a critical indicator triggered a sell signal.