Cryptocurrencies Price Prediction: Bitcoin, Ripple & Stellar Lumens – Asian Wrap 14 Dec


Bitcoin Price Analysis: BTC eyes records highs amid a symmetrical triangle, focus on Sunday’s close

Bitcoin (BTC/USD) staged an impressive bounce from almost two-week lows of $17,578 on Saturday. The most favorite crypto coin fell a hairline short of testing the $19K barrier amid a buying spree witnessed across the crypto board.

 

Ripple Price Analysis: XRP bears stay hopeful inside two-week-old falling channel

XRP/USD drops to 0.5092 during the early trading hours of Monday. In doing so, the quote keeps Friday’s downbeat mood inside a descending trend channel formation established since November 29. With the RSI conditions far from oversold, XRP/USD sellers can keep the reins inside the bearish formation.

 

Stellar Price Prediction: XLM is breaking out, primed for 40% rally towards 0.2300

Stellar Lumens is primed for a massive upswing against Tether, as a key technical breakout looks imminent on the 12-hour time frame. XLM/USDT is on the verge of confirming a descending triangle breakout on the given timeframe, having breached the falling trendline resistance at 0.1626.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH sizes the spotlight as BTC and XRP contemplate retracement

The hype around Coinbase’s IPO was matched by Bitcoin and Ethereum, which surged to new all-time highs. On the other hand, Ripple price faced an abrupt stop as investors began booking profits.

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Stellar aims for new all-time highs if key support holds

Stellar has enjoyed an amazing rally since the beginning of 2021 and hit a yearly high at $0.69 on April 14. The digital asset must hold a crucial support level to continue with the uptrend and reach new highs.

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Cardano resets before the next leg up to new all-time highs

Cardano price faced exhaustion of bid orders as it hit the base of an ascending triangle at $1.48. A minor retracement to the immediate demand barrier at $1.34 seems likely. Shattering the resistance level at $1.48 forecasts a new all-time high for ADA.

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Algorand Price Prediction: ALGO vies for 85% advance upon the breach of its consolidation

Algorand price is traversing a bullish pennant, hinting at an 85% upswing to $2.83. A decisive close above $1.53 will signal a breach of the pennant’s upper trend line. ALGO will kick-start a new downtrend if it slices through the 50% Fibonacci retracement level at $1.03.

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Bitcoin Weekly Forecast: SEC commissioner cozies up to BTC ETF, on-chain metrics reset making way for volatile move

Bitcoin’s mainstream adoption has soared over the last couple of months, with institutions like Visa, Goldman Sachs, Morgan Stanley, and others dipping their toes in the BTC markets. Likewise, prices look primed to advance further despite the ongoing consolidation phase.

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