Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Pump.fun — Asian Wrap 31 October
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple slip as market weakness persists
Bitcoin price was rejected from the 78.6% Fibonacci retracement level (drawn from the April 7 low of $74,508 to the October 6 all-time high of $126,199) at $115,137 on Monday, and declined 5.44% by Thursday. At the time of writing on Friday, BTC hovers at around $109,100. If BTC continues its correction and closes below the 61.8% Fibonacci retracement level at $106,453, it could extend the decline toward the October 10 low of $102,000.
Ethereum Price Forecast: Developers lock in December 3 for Fusaka upgrade
Ethereum saw $220.8 million in liquidations over the past 24 hours, led by $190.3 million in long liquidations, per Coinglass data. ETH briefly declined below $3,700 on Thursday after seeing a rejection at the 100-day Exponential Moving Average (EMA). However, bulls quickly recovered the support near $3,800.
Pump.fun, Virtuals Protocol, and Ethena log double-digit losses amid market-wide sell-off
Pump.fun’s PUMP token price is down by nearly 1% at press time on Friday, extending the 15% losses from the previous day. The launchpad token failed to surpass the R1 Pivot Point $0.005275 and the local resistance trendline formed by connecting the September 14 and October 3 peaks on the 4-hour price chart. The key support levels during the ongoing pullback are the S1 and S2 Pivot Points, located at $0.003864 and $0.002933, respectively.
Author
FXStreet Team
FXStreet
