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Cryptocurrencies Price Prediction: Cardano, Algorand & Polkadot — Asian Wrap 21 Mar

Cryptocurrencies Price Prediction: Cardano, Algorand & Polkadot — Asian Wrap 21 Mar
FXStreet TeamFXStreet TeamFXStreet

Cardano price to revisit $1.20 after ADA bulls' strong comeback

Cardano price is out of its rangebound movement as it breached the upper limit on March 18. This uptrend signals that ADA is bound for more gains in the near future. Cardano price slid into a consolidation on March 5 and continued doing so for nearly two weeks. 

Algorand price eyes 40% gain as ALGO bulls take control

Algorand price found stable support on March 14 and kick-started a recovery rally with massive upside potential. Currently, ALGO is nowhere near the midway point and suggests a continuation of this optimism as it heads toward its target.

Polkadot price needs a breather before a 30% rally

Polkadot price is showing signs of exhaustion after taking out a previously formed swing high. Investors can expect DOT to retrace lower before catalyzing a new leg-up. Polkadot price set a range extending from $14.04 to $19.58 after rallying roughly 40% in less than a week.

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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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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.