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

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

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

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple recovery runs into headwinds amid fading retail and institutional interest

Ripple recovery runs into headwinds amid fading retail and institutional interest

Ripple (XRP) holds slightly above $1.30 on Monday, with short-term recovery prospects fading. Strong structural resistance toward $1.40 continues to cap upside, raising the risk of further downside below $1.30.

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Bitcoin edges higher above $82,000, building strong structural support despite roughly $229 million in ETF outflows last week. Ethereum recovers above $2,400 as bulls strive to regain trend control, backed by a subtle recovery in momentum indicators.

Pi Network Price Forecast: Weak momentum and waning demand reinforce downside bias

Pi Network Price Forecast: Weak momentum and waning demand reinforce downside bias

Pi Network edges lower on Monday, risking a bearish conclusion to its short-term consolidation above the $0.0774 horizontal support. A steady decline in the notional value of active PI futures contracts and the weekly spot trading volume suggests reduced retail demand.

Zcash Price Forecast: Downside risk looms as ETF outflows and falling Open Interest weigh

Zcash Price Forecast: Downside risk looms as ETF outflows and falling Open Interest weigh

Zcash (ZEC) edges higher on Monday after three consecutive weeks of bearish closes totaling roughly 30% losses. The privacy coin is losing institutional confidence with three straight weeks of outflows, while retail speculation eases as ZEC futures Open Interest declines to a 30-day low.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.