Cryptocurrencies Price Prediction: Bitcoin, Cardano & Compound – American Wrap 29 September


Bitcoin ‘difficulty ribbon’ chart hasn’t been this bullish since March

Bitcoin difficulty ribbon compression has broken out of a bear trend it has been in since the March coronavirus crash.

Bitcoin (BTC) simply needs history to repeat itself to see significant price rises, according to two indicators now flipping bullish.

Cardano Price Prediction: ADA could be poised for a potentially deadly selloff

On the daily chart, the 100-MA and the 50-MA had a death cross on September 23. This pattern indicates the potential for a major selloff even though ADA is rebounding. The 50-MA at $0.108 will act as a resistance level in the upcoming days.

Compound Price Analysis: COMP bulls are looking for a comeback, metrics suggest

Compound is one of the most successful DeFi projects to enter the cryptocurrency market. After its listing on exchanges in June 2020, the price of COMP quickly jumped from a low of $66 to a high of $326. The digital asset got close to $1 billion in market capitalization and was almost immediately listed on the most popular exchanges, including Binance and Coinbase. 

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Three reasons why the cryptocurrency market could be about to suffer one of the nastiest corrections in years

The cryptocurrency market seems to be stronger than ever and has seen a $250 billion increase in its market capitalization since the beginning of October. 

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Yearn.Finance Price Forecast: YFI’s next buying opportunity may come at $18,000

YFI had an astounding 290% bull rally that started on November 5 and peaked on November 20 at $29,890. The digital asset seems to be under consolidation, and many indicators are turning bearish in the past ...

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XTZ attempts to breakout but technicals point to a retracement first

Tezos is up by 45% in the past week as it was one of the few cryptos left to go up. Bulls face a critical resistance level at $3, and some technical indicators suggest that investors should sell in ...

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Traders are buying XRP like crazy ahead of Flare Network’s airdrop

Ripple's XRP is changing hands at $0.64, having gained over 6% on a day-to-day basis and over 110% on a weekly basis. The coin hit the multi-year high at $0.7824 on November 24 but failed to hold the ground ...

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Bitcoin Weekly Forecast: BTC makes new yearly highs while its network activity looks worrisome

Bitcoin has lived through the best week since February 2018. The pioneer digital currency price gained over $2,000 in less than seven days. The bullish momentum allowed it to reach a new multi-year high of nearly $18,800, marking November 2020 one of the strongest bullish months ever. 

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