Cryptocurrencies Price Prediction: Aave, Dogecoin & Bitcoin – Asian Wrap 12 December

FXStreet Team FXStreet

Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls. Moreover, on-chain and derivatives data also support bullish sentiment, while the pattern’s technical target suggests a rally above $296.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Dogecoin trades near $0.1400 at press time on Friday, holding steady after a 2% drop the previous day. The meme coin trades within a consolidation range, extending from the November 21 low at $0.1332 to the November 26 high at $0.1568. A decisive close above $0.1568 would confirm the bullish breakout, which could extend the rally to the $0.1810 zone.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC and ETH eyes breakout, XRP steadies at support

Bitcoin price was rejected at the 61.8% Fibonacci retracement level at $94,253 (drawn from the April low of $74,508 to the all-time high of $126,199 set in October) on Wednesday and declined slightly that day. However, on Thursday, BTC rebounded after retesting its $90,000 psychological level. At the time of writing on Friday, BTC hovers at around $92,000.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

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