Cryptocurrencies Price Prediction: Axie Infinity, UniSwab & Shiba Inu — Asian Wrap 05 Jan

FXStreet Team FXStreet

Axie Infinity Price Prediction: AXS readies for rebound to $170

Axie Infinity price appears to have stabilized between the $90 to $100 value areas. Additionally, strong buying and shorting signals exist on the $5.00/3-box reversal Point and Figure Chart. Axie Infinity price could rally by more than 40% to hit $170. Bulls have vigorously defended AXS from further downside pressure.

Uniswap presents strong buy opportunity before UNI rallies towards $58

Uniswap price action is setting up short-sellers for one nasty bear trap. Despite the presence of a possible triple-bottom breakout, a move lower would only further enhance the bullish reversal that is coming up.Downside risks are limited to the near term and are easily invalidated.

Shiba Inu continues to present a buying opportunity before SHIBA gains over 100%

Shiba Inu price has been stuck in a very, very constricted trading range over the past seven trading days, but throughout December, SHIBA formed a strong support zone and a new Volume Point Of Control – indicating a new uptrend may be imminent.

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FXStreet Team

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Top Altcoins Price Forecast: XRP and ADA rebound as DOGE lags behind

The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin rising above $65,000 amid improving retail sentiment. Top altcoins, including Ripple and Cardano, are gaining bullish momentum, while Dogecoin continues to consolidate, holding above a crucial support zone.

Ripple and Stellar outlook: Mixed signals keep traders at a crossroads

Ripple and Stellar trade within tight ranges as traders await the next directional move. XRP’s technical indicators suggest bearish momentum is fading, while XLM continues to consolidate near a critical support zone. Mixed derivatives metrics highlight growing market indecision, raising the likelihood of a volatile breakout in either direction in the coming days.

Shiba Inu Price Forecast: Extends gains as on-chain and derivatives metrics confirm bullish bias

Shiba Inu extends gains, trading above $0.0000042 after breaking above the descending trendline the previous day. Strengthening on-chain data and improving derivatives metrics support further gains for the meme coin. CryptoQuant’s exchange netflow chart below shows five consecutive days of net outflows since July 17.

Bitcoin climbs above $65K as ETF flows recover despite rising macro risks

Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.