Cryptocurrencies Price Prediction: Axie Infinity, Ape Coin & Solana — Asian Wrap 24 August

FXStreet Team FXStreet

Axie Infinity Price Prediction: Is a $10 AXS Coin inevitable?

Axie Infinity price hints at an upcoming sell-off that investors should be aware of. Axie Infinity price currently trades at $14.71. A very strong bearish engulfing candle has presented itself as a result of the crypto sell-off that occurred on Friday, August 19.

ApeCoin Price Prediction: A $3 token by the end of the year?

ApeCoin price shows bearish technicals in both the short term and the medium term. APE price displays concerning signals that long-term investors should be aware of. Since August 3, the Ethereum-based NFT token has lost 30% of its market value.

Solana Price Prediction: Is this Coinbase collaboration a sell-the-news event?

Solana price shows optimistic market sentiment, but the technicals have not yet reacted. Solana price currently auctions at $35.44, 85% lower than its all-time high at $258. During August, the centralized smart contract token witnessed a 26% increase before the bears came back into the market to reject the price.

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FXStreet Team

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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.