Cryptocurrencies Price Prediction: Cardano, Ethena & Dogecoin — Asian Wrap 14 October

FXStreet Team FXStreet

Cardano Price Forecast: ADA bears regain control after rejection at key resistance

Cardano (ADA) price edges down at around $0.715 at the time of writing on Tuesday after facing rejection from the key resistance level. The bearish sentiment is further supported by the negative Spot Taker CVD (Cumulative Volume Delta) and rising short bets among traders. On the technical side, indicators suggest ADA may face a deeper correction ahead.

Story, Ethena, and Bittensor lead crypto recovery, face key resistance levels ahead

Ethena holds steady above $0.4600 at the time of writing on Tuesday, following the 13% jump from the previous day, which extended the 7% rise from Sunday. The transition of USDtb smart contracts to Anchorage Digital marks an onshore shift to the stablecoin, taking a step closer to complete GENIUS Act compliance.

Dogecoin recovers as House of Doge targets public listing via Brag House merger

Dogecoin (DOGE) is up 3% on Monday as House of Doge revealed it plans to go public on the Nasdaq through a merger with Brag House Holdings (TBH). House of Doge, the corporate arm of the Dogecoin Foundation, has entered into a definitive merger agreement with Nasdaq-listed Brag House Holdings, a Gen Z-focused gaming and digital media platform, according to a statement on Monday. The deal, unanimously approved by the boards of both companies, aims to advance mainstream Dogecoin adoption and strengthen its institutional use cases.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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