Cryptocurrencies Price Prediction: Algorand, Crypto.com & Ethereum — Asian Wrap 06 January

FXStreet Team FXStreet

Why the Algorand price is devastatingly bearish as of late

Algorand price fell by 25% during December. Algorand price has shaken investors to the core as market makers have forged a monthly close within 2020’s trading range. ALGO price must produce stunning bullish action to void the bearish scenario.

Crypto.com Price Prediction: CRO starts the year bullish, but will gains continue?

Crypto.com price has risen by 7% since the start of the new year. The CRO price has an untagged liquidity level from 2020, which is 12% below the current market value. A breach below $0.0550 could be the start of a 12% downtrend.

What to expect from Ethereum price after whale transactions hit the highest level

Ethereum price wiped out its recent losses and rebounded above the $1,260 level. Large wallet investors on the altcoin’s network started scooping up ETH tokens through the December 16 local bottom in the Ethereum price chart.

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FXStreet Team

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Ripple extends gains as cooling signs in US inflation mount

Ripple (XRP) holds above support reclaimed at $1.10 at the time of writing on Wednesday, extending its rally after the US Producer Price Index (PPI) data for June showed that price pressures in the world’s largest economy are cooling.

Crypto Today: Bitcoin, Ethereum, XRP stall after US CPI-driven mild rally

The cryptocurrency market pauses on Wednesday, following a brief, macro-driven rally the previous day. Bitcoin (BTC) is consolidating above $64,500, signaling waning bullish momentum and increased profit-taking as sellers emerge.

Chainlink holds gains as bullish momentum builds

Chainlink (LINK) price edges higher on Wednesday, holding its 5% gains from the previous day. Retail speculative demand for LINK is rising, with its futures Open Interest up 6% over the past 24 hours.

Bitcoin approaches technical pivot as soft US CPI aids recovery

Bitcoin (BTC) is near the key technical resistance zone around $65,160 on Wednesday as softer-than-expected US inflation data improves risk sentiment across the crypto market.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.