Cryptocurrencies Price Prediction: Hedera, Bitcoin & Ethereum — Asian Wrap 24 November
|Top Gainers: Hedera, Hyperliquid, and SPX6900 extend gains as BTC bounces from $80,000
Hedera's price faced rejection at the daily resistance at $0.194 on November 11 and declined by more than 32% over the next 10 days, retesting the weekly support level at $0.125 on Friday. HBAR rebounded by 13% after retesting this support level during the weekend. At the time of writing on Monday, it continues to trade higher at around $0.150. If HBAR continues its recovery and closes above the daily resistance level at $0.152 on a daily basis, it could extend the rally toward the 61.8% Fibonacci retracement level at $0.172, which roughly coincides with the upper trendline of a falling wedge pattern.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP rebound after recent downside pressure
Bitcoin price faced rejection at $106,453 on November 11 and has declined more than 20% over the past 12 days, reaching a low of $80,600 last Friday. BTC managed a mild rebound over the weekend, closing above $86,830 on Sunday. At the time of writing on Monday, BTC is recovering, trading above $87,700. If BTC continues its recovery, it could extend the rally toward the next key resistance at $90,000.
Ethereum Price Forecast: ETH falls below $2,750 following strong US selling pressure
Ethereum (ETH) is down 3% on Friday, as the top altcoin faces intense selling pressure from retail and institutional US investors across the spot and derivatives markets. Ethereum, like the broader crypto market, has maintained a downtrend amid a strong US jobs report and fears of an AI bubble, further dampening sentiment in risk assets.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.