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Cryptocurrencies Price Prediction: Bitcoin, Terra and Ethereum – European Wrap 19 August

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC retraces temporarily, taking major altcoins with it

Bitcoin price has slid deep into the newly formed demand zone where it is searching out stable ground for a trend reversal. This move has pushed many but not all altcoins into a momentary downtrend. Investors can expect this descent to transform into an upswing soon.

BTC/USDT 1-day chart

Terra Price Prediction: LUNA might be staring at a 30% correction

Terra (LUNA) price has been on a tear as it more than doubled over the past week. While this ascent is impressive, a correction should be around the corner as investors rush to book profits.

LUNA/USDT 1-day chart

Ethereum Price Prediction: ETH prepares for dip to $2,800

Ethereum price is retracing from following its explosive rally that witnessed ETH surge by over 95% from the July 20 low. The second-largest cryptocurrency by market capitalization is now consolidating as volume gradually subsides.  

ETHUSDT

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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.

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Cardano Price Forecast: Weak momentum puts ADA recovery at risk

Cardano is trading below $0.222 on Thursday after failing to sustain gains above the 50-day Exponential Moving Average near $0.228 the previous day. Weakening derivatives metrics and fading bullish momentum continue to weigh on sentiment, while a break below the 100-day EMA could push ADA lower. Derivatives data shows a cautious outlook for Cardano.

Ripple and Stellar outlook: XRP and XLM recovery stalls below EMAs

Ripple and Stellar remain under pressure on Thursday as both struggle to sustain their recent recovery attempts. XRP trades below $1.36, while XLM slips beneath $0.183, as mixed derivatives metrics, weakening momentum indicators and heating market conditions suggest cautious market sentiment. Derivatives data shows weakening conditions for Ripple and Stellar.

Zcash Price Forecast: ZEC reclaims $1,300 as ETF inflow hits 30-day high

Zcash price hovers above $1,300 on Thursday, sustaining its 15% gains so far this week with three straight days of recovery. Institutional and retail appeal is returning, with over $15 million in inflows recorded on Wednesday and ZEC futures Open Interest rising to a 30-day high of $2.89 billion. The technical outlook for ZEC indicates an upside bias as recovery gains traction.

Bitcoin derivatives improve, but $87,000 sell wall looms
Bitcoin (BTC) showed signs of recovery on Wednesday as derivatives positioning improved, but sell risk grew between $86,500 and $87,500, where sell orders and leveraged liquidation clusters could limit further gains.
Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.