Cryptocurrencies Price Prediction: ApeCoin, Solana & Cardano — Asian Wrap 21 Apr

FXStreet Team FXStreet

ApeCoin price could rally to $20, but traders should be cautious

ApeCoin price has confirmed a long-term uptrend bias. Traders should analyze the asset to find the best entry points. ApeCoin price has validated the more significant Macro thesis written during March. The APE price has broken out from the symmetrical triangle and now has a larger macro target at $27.

Solana price needs to break $112 to mark the end of the downtrend

Solana price is inching towards an end of correction confirmation. Risking money in SOL price is considered a high trade risk until the breach at $112 occurs. Solana price is seeing a significant resistance as the price failed to breach the $112 invalidation level of last week's bearish thesis.

Cardano price loading up for a 50% rally, targets $1.40

Cardano price action is setting up for a colossal bull rally. Traders should hone in on this digital asset to get the best entry and maximize profits in the coming days. Cardano price is one of the more favorable charts amongst cryptocurrencies this week.

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FXStreet Team

FXStreet

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.

Japanese Yen gains after hawkish Fed hold

USD/JPY trades near the 163.60 area on Wednesday, recovering from its immediate post-announcement decline as investors assess a generally hawkish Federal Reserve (Fed) monetary policy decision. The Federal Open Market Committee (FOMC) left the Fed funds rate unchanged within the 3.50%–3.75% range, as widely expected.

XRP edges up as Flare simplifies staking process

Ripple (XRP) holds modest gains, trading around $1.08 at the time of writing on Wednesday. The remittance token mirrors the general neutral-to-bullish outlook in the crypto market, as focus shifts to the Federal Reserve (Fed) rate decision. Market participants widely expect the Fed to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP post modest gains ahead of Fed rate decision

Cryptocurrency prices are broadly stable on Wednesday ahead of the Federal Reserve (Fed) interest rate decision. Bitcoin (BTC) holds above $64,000 but is struggling to sustain its rebound while Ethereum (ETH) sits above the short-term $1,900 support. Meanwhile, Ripple (XRP) is approaching the pivotal $1.10 resistance, a level that could shape the token’s upward trajectory if it is breached.

Bitcoin muted as markets fret over Fed, crypto bill

There are two main drivers for crypto this week, keeping Bitcoin trapped within its $58,000-$65,000 summer consolidation range. The cautious tone is being set by the Fed's policy decision scheduled later on Wednesday, a key catalyst for risk assets.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.