Cryptocurrencies Price Prediction: Cardano, Ethereum & Bitcoin – American Wrap 07 October

FXStreet Team FXStreet

Bitcoin targets $60,000 next as BTC enters new leg up in bull market

Bitcoin (BTC) price has been on a solid rally with a very technically built bull run. Buyers stepped in each time on crucial technical levels this week, making it a textbook example of how to trade a rally. Bulls are not done yet as there is still some fuel in the tank, and with global markets acting as additional motivation, the next target will be $60,000.

Analyst expects Ethereum price to explode to $30,000 amid network adoption

The vulnerability identified in the ETH2 staking pool has been patched safely. Ethereum's user adoption has exploded with a spike in daily active addresses and unique addresses interacting with the network. WAX blockchain announces two Ethereum compatibility approaches, plans to bring low-cost transactions to smart contracts on Ethereum.

Cardano breaks through resistance, signals 20% advance

Cardano (ADA) price saw some choppy price action this week. The turn came on Wednesday with bulls entering at $2.01, a level that showed its importance already in September. Bulls are now attacking the 55-day Simple Moving Average (SMA) around $2.45, which is putting a price cap on ADA for the moment.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

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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