Cryptocurrencies Price Prediction: Bitcoin, Monero & Uniswap – Asian Wrap 13 Oct

Bitcoin Price Prediction: BTC flashes sell signal, short-term correction imminent

After falling from $11,925 to $10,165 on 2nd and 3rd September, Bitcoin entered a consolidation period, which lasted till October 7. During this period, the premier cryptocurrency managed to stay above the $10,000-mark. Finally, on October 7, BTC started a bullish rally, which saw it go up from $10,600 to $11,500 (as of writing).

Despite this strong upward movement, the price has currently faced rejection at the $11,700 resistance level.

BTCUSD daily chart

Monero Price Analysis: XMR jumps by more than 70% over the last one month

Monero is currently in the middle of a bullish rally and has reached its highest levels since early September 2018. Since September 3, 2020, the leading privacy coin has jumped by 73% from $77 to $133. The network is currently prepping for a major network upgrade that will take place on October 17.

XMR is presently trending in an ascending channel formation. As previously mentioned, XMR reached an intraday high of $138.50 this Monday, a level not seen since September 2018. The MACD shows increasing bullish momentum, which the buyers will want to take advantage of to break above the $140 resistance level.

XMR/USD daily chart

Uniswap Price Prediction: UNI eying up a significant price move, shows indicators

The release of UNI was one of the most successful ones, rapidly climbing towards a $700 million market capitalization and getting listed on all major exchanges like Binance, and others. The initial bull rally didn’t last long and after peaking at $8, UNI is now only trading at $3.29.

Although UNI has managed to rebound from the low of $2.47, it is still facing an important resistance level established at $3.5 on the 12-hour chart and tested several times during the past week. Rejection from this level has the potential to take UNI down to $3 in the short-term.

uni price

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin must reclaim $40,000 or risk plummeting to $20,000, curtailing crypto bull run

Cryptocurrencies in the market seem to be resuming their uptrends, following significant losses in the previous weeks. Uncertainty in the market was brought about by Bitcoin’s swings to $40,000 and back to $34,000.

More Bitcoin News

ADA technical and on-chain levels confirm a 60% explosion to $0.6

Cardano recently confirmed a breakout in away validating the 900% upswing prediction we discussed last week. Several hurdles have been shattered at the time of writing, including $0.3 and $0.35, adding credence to the potential breakout to $0.6.

More Cardano News

Yearn.Finance brushes shoulders with $40,000 overshadowing Bitcoin’s $36,000

Yearn.Finance has consistently recovered from the recent dip to $25,000. The price drop was not unique to the decentralized finance (DeFi) token but affected the entire cryptocurrency space. 

More News

LINK squabbles under heavy selling pressure, downswing targets $16

Chainlink is up 10% in the last 24 hours and a whopping 52% in the previous seven days. After breaking above $20, LINK soared to a new record high at near $24. Meanwhile, the uptrend seems to have hit the ultimate point, as selling pressure finds its way back into the market.

More Chainlink News


Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. 

Read the weekly forecast