|

Cryptocurrencies Price Prediction: Bitcoin, Algorand and Ethereum – European Wrap 27 April

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos prepare to rally after punishing early buyers

Bitcoin price approaches close to the last defensive support level, putting the fear back in retail traders’ minds. Likewise, Ethereum and Ripple have also crawled closer to significant barriers, suggesting that they are ready to follow suit.

BTC/USDT 3-day chart

How this bearish detour will trigger a 20% breakout for Algorand price

Algorand price formed a bottom reversal pattern with massive potential on April 11 but failed to follow through. As a result, sellers took over, pushing ALGO below a crucial support level. However, a quick recovery above this barrier is likely to reignite the said run-up.

ALGO/USDT 1-day chart

Ethereum Price Prediction: ETH to return to $3,000

Ethereum (ETH) price was not in good shape on Tuesday as it tanked over 6% to the downside and breached below $2,800. But bulls were waiting to rush in and  buy ETH at a lucrative discount. The ETH price is up 2.5% in early trading and looks set to swing back to $3,018.55, paring back the incurred losses from Tuesday.

ETH/USD daily chart

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin Price Forecast: DOGE breaks key support amid declining investor confidence

Dogecoin (DOGE) trades in the red on Thursday, following a 4% decline on the previous day. The DOGE supply in profit declines as large wallet investors trim their portfolios. Derivatives data shows a surge in bearish positions amid declining retail interest.

Cardano Price Forecast: ADA dips below $0.37, hitting two-month low as bearish momentum builds

Cardano (ADA) price trades in the red, slipping below $0.37 on Thursday after correcting more than 7% so far this week. The ongoing pullback could deepen further as ADA’s social dominance declines and dormant wallet activity rises, suggesting bearish sentiment among traders.

Top Crypto Losers: Pump.fun, SPX6900, Bittensor slide further with double-digit losses

Pump.fun (PUMP), SPX6900 (SPX), and Bittensor (TAO) are leading the losses in the cryptocurrency market over the last 24 hours amid total liquidations of over $500 million. The retail segment alleges institutional manipulation amid an early-morning Bitcoin sell-off routine in the US market.

Bitcoin, Ethereum whipsaw sparks heavy liquidations amid accusations of market manipulation

The crypto market whipsawed on Wednesday as top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), quickly reversed gains from the early American session.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.