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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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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