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Cryptocurrencies Price Prediction: Bitcoin, Cardano & Axie Infinity — Asian Wrap 06 Jan [Video]

Cryptocurrencies Price Prediction: Bitcoin, Cardano & Axie Infinity — Asian Wrap 06 Jan [Video]
FXStreet TeamFXStreet TeamFXStreet

Bitcoin bearish continuation setup could be a trap as BTC positoined for a drop to $35,000

Bitcoin price action shows that some very bearish price action may be coming up soon. Both the Japanese candlestick charts and two Point and Figure charts show dangers to the downside – but follow-through by sellers is necessary and has yet to happen.

Cardano to gain more than 50% as ADA coiled and ready to spring

Cardano price action continues to struggle to make any headway to higher valuations. ADA has spent 19 weeks in a downtrend from the most recent all-time highs made in September 2021. However, bullish momentum may return very soon.

Experts predict Axie Infinity price could rally by 80% as the game rises in popularity

Sky Mavis, developers of Axie Infinity recently revealed land play that is currently under development. Axie Infinity announces seasonal rewards for those who finished the game in the first 1000. Analysts have a bullish outlook on Axie Infinity price, despite scheduled reduction in staking rewards. 

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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 slips below $1.30 as sellers tighten grip

Ripple slips below $1.30 as sellers tighten grip

Ripple (XRP) hovers below $1.30 on Tuesday, held down by a weakening technical structure. The broader crypto market remains bearish ahead of the Federal Reserve’s (Fed) October 28 monetary decision.

Crypto Today: Bitcoin, Ethereum, XRP tick lower amid mixed ETF flows

Crypto Today: Bitcoin, Ethereum, XRP tick lower amid mixed ETF flows

Bitcoin is trading above $81,000 on Tuesday, aligning with a lethargic tone in the broader cryptocurrency market. Altcoins, including Ethereum and Ripple, reflect Bitcoin’s lock-step price action, trading below $2,400 and $1.30, respectively.

Pi Network extends losses as social interest declines

Pi Network extends losses as social interest declines

Pi Network (PI) is down nearly 2% on Tuesday, extending the previous day’s losses and risking an extended decline toward its record low of $0.0704. PI token’s social dominance score is down to a six-month low, suggesting reduced social interest.

NEAR Protocol Price Forecast: Mild correction persists despite resilient ETF inflows

NEAR Protocol Price Forecast: Mild correction persists despite resilient ETF inflows

NEAR Protocol (NEAR) price is down nearly 2% on Tuesday, mirroring its 2% decline from the previous day. Institutional demand remains firm, with Bitwise’s NEAR-focused Exchange Traded Fund (ETF) recording over $5 million in inflows on Monday.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.