Cryptocurrencies Price Prediction: Avalanche, Crypto.com & ApeCoin — Asian Wrap 05 July

FXStreet Team FXStreet

Avalanche’s AVAX price is finished unless this happens

Avalanche’s AVAX price could endure another cataclysmic decline. Being an early buyer could be problematic. Avalanche’s AVAX price is showing signs of optimism amidst the brutal decline investors have been experiencing. On July 4, 2022, the AVAX price successfully retraced into a key 61.8% Fibonacci level at $17.41.

Why the Crypto.com price remains suppressed and what it will take to recover losses

Crypto.com price is in an unfortunate position. Since the sell-off from April highs at $0.50, the bulls have seen no pullbacks worth selling their losing investment into. The Crypto.com price has consolidated and declined for months with no retaliation from the bulls. In short, investors are avoiding engagement with cryptocurrency exchange tokens.

ApeCoin Price Prediction: APE hangs by a thread

ApeCoin price is breaking below an important technical element in the ASIA PAC session this morning that could signal the end of the current rally. At risk now is a full paring back of all the incurred gains and a swing back to the low of this year, near $3.00. In total, ApeCoin traders could stand to lose roughly 30%.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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