TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: ApeCoin, Cosmos & Solana — Asian Wrap 05 May

Cryptocurrencies Price Prediction: ApeCoin, Cosmos & Solana — Asian Wrap 05 May
FXStreet TeamFXStreet TeamFXStreet

Here's why ApeCoin price could retrace to 12

Apecoin price has disproportionate wave structure. One more drop could occur into $12. ApeCoin price has rallied 20% into today's high at $17.66. Despite the impressive countertrend rally, the overall downtrend looks disproportionate. The consolidations between each downslide are too similar to qualify as separate impulse waves.

ATOM must hold $18 as support to stop Cosmos from making new 2022 lows

ATOM price action has faced the same selling pressure seen across all risk-on instruments. Cosmos lost nearly 40% of its value from the beginning of April to the close of April, and that trend may continue. But extremes in the oscillators may hint at some reprieve coming soon. 

Solana price displays mixed signals as bulls breach $90

Solana price current uptrend move looks questionable. If $100 is not breached, traders should expect a $77 Solana price in the future. Solana price is displaying disproportionate price action. The current downtrend looks unbalanced compared to the previous sell-off from $140 to $100.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Cardano Price Forecast: Bulls eye a second leg higher as whales buy

Cardano Price Forecast: Bulls eye a second leg higher as whales buy

Cardano trades above $0.196 at the start of the week after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

Shiba Inu Price Forecast: SHIB defends key support level amid possible whale support

Shiba Inu Price Forecast: SHIB defends key support level amid possible whale support

Shiba Inu price edges higher, bouncing off a key support level near $0.00000462. The meme coin shows early signs of renewed whale support, while retail demand holds firm, with rising Open Interest and funding rates. The technical outlook for SHIB indicates a mild bullish bias, supported by the intraday recovery.

Top 3 Price Prediction: BTC bulls strengthen, ETH eyes breakout, XRP rebounds

Top 3 Price Prediction: BTC bulls strengthen, ETH eyes breakout, XRP rebounds

Bitcoin and Ethereum show signs of strength as bulls defend key support on Monday after gaining 2% and 1.3% in the previous week. Meanwhile, Ripple recovers mildly at the start of the week after sliding over 5% last week.

Crypto Market Overview: Bitcoin steadies as BoJ flags possible rate hikes

Crypto Market Overview: Bitcoin steadies as BoJ flags possible rate hikes

The broader cryptocurrency market holds steady, with Bitcoin (BTC) trading near $65,000, above its 50-day Exponential Moving Average (EMA) of $64,702. The Bank of Japan (BoJ) released the summary of opinions from its July meeting, with nearly half of the board members leaning hawkish.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.