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WIF, ICP, ADA Price Analysis as Bitcoin Completes 4th Halving

Published 04/20/2024, 04:47 PM
Updated 04/20/2024, 05:15 PM
© Reuters.  WIF, ICP, ADA Price Analysis as Bitcoin Completes 4th Halving

  • WIF was overbought, indicating that the price might drop below $2.70.
  • With increasing volatility, the price of ICP could rise to $15 in the short term.
  • ADA might retrace as the short-term EMAs suggested a bearish trend.

After the completion of the 4th Bitcoin (BTC) halving, the price of several cryptocurrencies spiked. However, there were a few that made double-digit increases in the last 24 hours. These include dogwifhat (WIF), whose value jumped by 11.83%, Internet Computer (ICP) which recorded a 14.48% increase, and Cardano (ADA) with a 10.55% rise.

However, it remains uncertain if these tokens would be able to sustain the hike. Here, Coin Edition looks at the possibility and how their respective prices might fare over the weekend and the coming days.

dogwifhat (WIF)

At press time, WIF changed hands at $.2.83. From the 4-hour chart, the price had initially dropped to $2.28 on April 18. But bulls found support at the same spot and helped the meme coin rally even though there was resistance at $2.70.

Meanwhile, the Relative Strength Index (RSI) which faced the upside earlier had turned down. T…

The post WIF, ICP, ADA Price Analysis as Bitcoin Completes 4th Halving appeared first on Coin Edition.

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