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Cryptocurrencies Price Prediction: Aptos, Ethereum & Bitcoin – European Wrap 22 May

FXStreet Team FXStreet

Aptos price goes awry as technical analysis points to 15% implosion

Aptos (APT) price is trading in a very mathematical way as both descending and ascending trendlines cross one another at $8.06. At that same price tag, a pivotal horizontal level can be detected, and it could mean big trouble ahead once broken. With bulls having defended both levels, a breakdown would leave them all exposed and result in a decline big enough that APT will start trading sub-$7.

Aptos price is set to enter an ugly phase on the chart as selling pressure is not easing at the moment. Bulls are at risk of becoming exposed, should bears push price action below $8.06. A brutal leg lower could amount to another 15% loss. Although the Relative Strength Index (RSI) points to a small rebound, it could well be just a drop on a hot plate.

Vitalik Buterin warns against risks of overloading the Ethereum network

Vitalik Buterin, the co-founder of the largest smart contract blockchain network, published on Sunday a warning against the risks of overloading the Ethereum consensus layer. While Buterin is in favor of a dual use for staked Ether, the Ethereum co-founder warned against the use of the ETH consensus layer for layer-2 applications.

In a blog post, Buterin said that using the consensus layer for re-staking and soft forks could bring high systemic risks, leaving the Ethereum blockchain vulnerable.

Don't overload Ethereum's consensus:https://t.co/07tzyCrZcJ
— vitalik.eth (@VitalikButerin) May 21, 2023

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC set to punish greedy bulls

Bitcoin price is at a stage where if history repeats, it could catch investors off guard. Bulls are likely being set up for a trap, which will cause massive liquidations for holders of Ethereum (ETH), Ripple (XRP) and other altcoins.

Bitcoin price action over the last two months is reminiscent of the moves that occurred between January 20 and March 1. The repeating pattern is termed fractal and can be seen even in the Relative Strength Index (RSI) and Awesome Oscillator (AO) momentum indicators.

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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.

Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

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.