Cryptocurrencies Price Prediction: Cardano, Bitcoin & Meme – European Wrap 29 December

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Cardano Price Forecast: ADA bulls bet on rising DEX trading volume

Cardano (ADA) ticks higher by almost 4% at press time on Monday, approaching the $0.40 mark. Derivatives data suggests a risk-on sentiment among traders as ADA futures Open Interest and bullish bets surge. The technical outlook remains bullish, with ADA targeting an overhead resistance trendline amid a positive shift in momentum.

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead. Due to the holidays, it is not surprising that price is currently trapped in a range, and based on the latest price action this could be forming a triangle in wave four. This is still a continuation pattern, but it may need another subwaves D and E before we can expect the next push lower, possibly in January. In that case, price could drop back toward the 80k area, or even lower, within an impulsive wave A that is clearly visible on the daily chart. The invalidation level is around 99k, and as long as the current wave structure trades below that level, traders should remain cautious and prepared for another leg down in the near future.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are trading mixed as Bitcoin (BTC) records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.