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Cryptocurrencies Price Prediction: Avax, Axie Infinity & VeChain — Asian Wrap 23 Sep

AVAX Price Prediction: Avalanche bears target $47

AVAX price continues to outperform the majority of the market in its performance. It also has the distinction of being one of a few high market cap cryptocurrencies that remains near its all-time highs. However, that might change soon.

Axie Infinity Price Prediction: AXS to surge to $71

Axie Infinity price has followed the rest of the aggregated crypto market in a strong bounce after experiencing double-digit percentage losses. However, any upside potential here is likely limited due to the number of Ichimoku resistance levels ahead.  

VeChain Price Prediction: bears plan to attack VET at $0.10

VeChain price has found a bit of a bounce during the Wednesday trading session, gaining up to +8.5% from the open. Bulls no doubt feel some relief and a reprieve from the violent downswings for VeChain. The bounce, however, is likely temporary and limited in scale.

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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.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.