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Cryptocurrencies Price Prediction: Algorand, SafeMoon & Decentraland — Asian Wrap 04 Mar

FXStreet Team FXStreet

Algorand presents buying opportunity before ALGO hits $1.25

Algorand price action is currently struggling to capitalize on last week’s rally. Despite last week’s candlestick closing in the red, it did print a bullish hammer reversal pattern after ALGO rallied more than 20% from the weekly lows. Downside risks remain likely but are limited in scope.

SafeMoon bearish continuation pattern hints at a nosedive to $0.00007

SafeMoon price is stuck inside the Ichimoku Cloud – the place where trading accounts go to die. The Cloud and the bear flag give both sides of the market opportunities. Directional bias is weighted more to the downside than the upside.

Decentraland continues to consolidate, MANA must hit $3 to prevent further downside pressure

Decentraland price continues to maintain the majority of the gains made on Monday. Bulls continue to hope that enough momentum exists to convert MANA into a significant bullish breakout above the Ichimoku Cloud. However, the Cloud itself is constricting.

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FXStreet Team

FXStreet

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Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.

Cosmos Hub Price Forecast: ATOM under pressure as bearish momentum accelerates

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Solana (SOL) trades around $84 at press time on Monday, coiling further within a consolidation range that keeps the momentum trapped. Institutional interest in Solana resurfaced last week, with inflows of over $44 million capping downside pressure.

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