Cryptocurrencies Price Prediction: Bitcoin, Sky & Ethereum – Asian Wrap 4 June
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP show signs of recovery
Bitcoin price declined and closed below its daily level of $106,406 last week. However, it recovered slightly during the weekend and also on Monday. BTC faced resistance again around the $106,406 level the next day. At the time of writing on Wednesday, it recovers slightly, approaching this resistance level. If BTC recovers and closes above $106,406, it could extend the rally toward its all-time high of $111,980.
SKY, QNT, and FET soar, overlooking risk-off sentiment in crypto market
Sky (SKY) is trading at $0.080, experiencing a surge of over 3% as of the time of writing on Wednesday. The RWA token prints its fifth consecutive bullish candle on the daily chart as it bounces off a local support trendline (formed by connecting lows of February 10, March 12, and April 22). The Moving Average Convergence/Divergence (MACD) indicator triggers a buy signal as the blue MACD line crosses above the red signal. Alongside the increasing volumes, a green histogram bar resurfaces, supporting the bullish outlook.
Ethereum Price Forecast: ETH faces resistance at $2,750 following Protocol launch
Ethereum (ETH) traded around $2,600 on Tuesday after announcing the launch of Protocol, a project aimed at scaling its Layer 1, expanding Blobspace, and improving the user experience (UX). The Ethereum Foundation announced it would be restructuring and rebranding its Protocol Research & Development team to "Protocol."
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FXStreet Team
FXStreet
