Cryptocurrencies Price Prediction: Avalanche, Stellar & Solana – Asian Wrap 23 April

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Avalanche Price Forecast: AVAX extends correction as Middle East tensions, weak derivatives weigh on sentiment

Avalanche (AVAX) price extends losses, trading below $9.30 on Thursday after being rejected at the key resistance zone the previous day. The risk appetite has dampened as Iran opened fire on three ships in the Strait of Hormuz, as the US maintains a blockade, keeping a lid on crypto markets. Meanwhile, the bearish sentiment strengthens as AVAX’s institutional demand remains muted and as derivatives metrics weaken.

Stellar Price Forecast: XLM flips south as leverage market loses confidence

Stellar (XLM) extends losses at press time on Thursday, as the 100-day Exponential Moving Average (EMA) at $0.1798 caps short-term recovery, keeping the tone bearish. The leverage market remains bearish on XLM, with active short positions rising. Technically, the reversal from the 100-day EMA threatens a pullback to the consolidation support level at $0.1471.

Solana Price Analysis: SOL tests 50-day EMA with bullish on-chain and derivatives backdrop

Solana (SOL) approaches a key technical hurdle near $87 on Thursday, and a breakout above this level would signal a bullish move ahead. Strengthening on-chain, improving derivatives data, and a constructive technical chart support a positive outlook for SOL in the near term.

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Ondo: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin Price Forecast: BTC steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 as investors await the Federal Reserve’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Hyperliquid open interest surges 32% in week: Is $80 HYPE next?

Hyperliquid’s native token HYPE rallied 44% over five days, hitting a $76.90 all-time high on Tuesday. Despite the pullback to $73, open interest on HYPE futures reached the $3 billion mark, signaling growing institutional demand.

Meme Coins Price Prediction: DOGE near breakout, SHIB at ceiling and PEPE leads meme coin recovery

Meme coins are approaching a key technical level on Wednesday, which could determine the next directional bias. Dogecoin (DOGE) struggles to overcome a major resistance level, and Shiba Inu (SHIB) recovery lost momentum near a crucial barrier. Meanwhile, Pepe (PEPE) extends its rally for a sixth straight day, raising the prospects of further upside if momentum persists.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.