Cryptocurrencies Price Prediction: Cardano, Ethereum & Dogecoin — Asian Wrap 01 Mar

FXStreet Team FXStreet

Cardano bulls target $1 resistance level before massive ADA rally begins

Cardano price has rallied during the Monday trade session. The move comes after several solid weeks of sustained lower lows and part of a broader route that has lasted nearly six months. However, that trend is likely to change due to a combination of bullish reversal signals.

Ethereum bears trapped while waiting for ETH to break $2,500

Ethereum price action showed some relief from near-term selling pressure by closing inside the Ichimoku Cloud this past Saturday. However, continued concerns over Russia’s invasion of Ukraine and the mention of nuclear weapons dropped ETH on Sunday to a loss of nearly 7%. However, despite the drop, ETH’s final support level has held.

Dogecoin struggles as more bearish signals emerge

Dogecoin (DOGE) has proven it is susceptible to the events on the world stage following the news on Sunday that Russia would be cut off from SWIFT. This put DOGE price action on the backfoot. In the downturn, $16.98 is set to be breached

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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