Cryptocurrencies Price Prediction: BNB, Dogwifhat & Bitcoin — Asian Wrap 21 July

FXStreet Team FXStreet

BNB Price Forecast: BNB posts highest weekly close, eyes new all-time high

BNB (BNB), formerly known as Binance Coin, continues to trade higher above $762 at the time of writing on Monday after closing at its highest-ever weekly level and gaining over 9% last week. Derivatives data support a bullish thesis as Open Interest (OI) hits a yearly high of $1.05 billion, reflecting renewed investor interest. The technical analysis also suggests a continuation of the rally, targeting its all-time high of $793.86 and potentially entering a price discovery mode.

Dogwifhat Price Forecast: WIF eyes double-digit gains as Open Interest hits yearly high

Dogwifhat (WIF) edges lower by 1% at press time on Monday following its 12% rise from Sunday. The bullish run in WIF surpasses the 200-day Exponential Moving Average (EMA) and targets a crucial resistance level at $1.212. Both the technical and derivatives data indicate a bullish inclination as trend momentum increases and Open Interest hits a yearly high, inching closer to $600 million.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates while Ethereum and Ripple prepare for breakout

Bitcoin price reached a new all-time high of $123,218 on Monday and has been trading sideways between the $116,000 and $120,000 levels. At the time of writing on Monday, it trades slightly above at around $117,800. If BTC breaks below the lower consolidation boundary at $116,000 on a daily basis, it could extend the decline to retest its 50-day Exponential Moving Average (EMA) at $110,297.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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