Cryptocurrencies Price Prediction: Bitcoin, Bonk & Tron — Asian Wrap 06 August

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP slip as resistance levels hold firm

Bitcoin (BTC) trades in red below $114,000 at the time of writing on Wednesday, following a rejection from its key resistance level earlier this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and faced rejection from their critical resistance zones, raising the risk of further declines in the short term. If the 50-day EMA at $113,058 fails to hold as support, BTC closes below the previous all-time high of $111,980 on a daily basis. Then, it could extend the decline to retest its key psychological support at $110,000.

Crypto Market Down: Bonk, Sonic, and Fartcoin lead the losses as downside risk escalates

Bonk edges lower by 2% at press time on Wednesday, extending the 8% drop from the previous day. The meme coin, losing steam, falls below the 50% retracement level at $0.00002350, drawn from $0.00006230 on November 20 to $0.00000886 on April 7. A decisive close below this support level could extend the decline to the 200-day Exponential Moving Average (EMA) at $0.00002134.

TRON Price Forecast: TRX shows strength amid $1.4 billion selloff

TRON (TRX) saw a surge in realized profits on Tuesday after investors booked gains of over $1.4 billion. Despite the strong profit realization, the altcoin held steady as it seeks to flip the $0.33 resistance. TRX saw the largest profit-taking among large-cap cryptocurrencies on Tuesday, with investors booking profits of over $1.4 billion, according to Glassnode data. This marks its second-highest profit event in 2025.