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Cryptocurrencies Price Prediction: Bitcoin Cash, Band & Ethereum – Asian Wrap 19 Oct

Bitcoin Cash Technical Analysis: BCH breakdown seems unstoppable

Bitcoin Cash bearish outlook started to materialize on Friday following widespread declines. The crypto market's selloff was attributed to the unpalatable news that OKEx suspended all digital assets/cryptocurrencies withdrawals. Before that, FXStreet discussed the coin's bearish scenario following the formation of a rising wedge pattern.

Band Protocol Technical Analysis: BAND impressive recovery eyes $7.5

Band Protocol is crowing the weekend with a remarkable recovery. Following losses from $7.5, support was embraced at $5.8. Over the last few days, the progress made can be attributed to the support Band Protocol is receiving after a successful mainnet launch. At the time of writing, the token is trading at $6.4 amid a fast building bullish momentum.

Ethereum Price Prediction: ETH must hold this crucial support for bullish outlook to $400

The smart contract token experienced an incredibly eventful week, starting with a ballistic rise to $395 and ending with a slump to $360. The price action to $400 was invalidated on Monday, opening the Pandora box. Support between $375 and $380 saw ETH take a hiatus from the downtrend.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.