TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin, Elrond and Algorand – European Wrap 28 October

Cryptocurrencies Price Prediction: Bitcoin, Elrond and Algorand – European Wrap 28 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Why a $28,000 BTC makes more sense now?

Bitcoin price is reacting well to the bullish developments that have been taking place over the last month or so. A recent breakout could be the start of a prolonged move up when looked at via the lens of Bitcoin’s historical performance in Q4s stretching over the last decade. 

BTC/USDT 3-day chart

Elrond Price Prediction: EGLD projects a 15% crash after an explosive run

Elrond price has hit a dead end after the recent rally locked horns with a four-month resistance level. Lack of buying pressure coupled with the exhaustion of buyers could be key in triggering a pullback for EGLD. 

EGLDUSDT 12-hour chart

The domino effect makes Algorand price tumble, and there is nothing bulls can do about it

Algorand (ALGO) price action is taking a beating of almost 5% in just one and a half trading days. Luckily for the cryptocurrencies, it was up 7% before, which still means it is likely to make a  marginal profit for the week, making it not a lost cause. But traders must be aware that something has snapped as the rally has been broken with no real support to bounce off nearby.

ALGO/USD Daily chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple lags recovery as exchange reserves expand

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

Pi Network hits a make-or-break level amid renewed social buzz

Pi Network hits a make-or-break level amid renewed social buzz

PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Uniswap risks steeper decline as bearish signals pile up

Uniswap risks steeper decline as bearish signals pile up

Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.