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Cryptocurrencies Price Prediction: Crypto.com, Bitcoin & Solana — Asian Wrap 5 August

Cryptocurrencies Price Prediction: Crypto.com, Bitcoin & Solana — Asian Wrap 5 August
FXStreet TeamFXStreet TeamFXStreet

Is doomsday for the CRO price already underway?

CRO price profit-taking reaction at the intended $0.15 target looks overpowering. A 21-day simple moving average could be viewed as the final supportive barrier for the Crypto.com uptrend. Invalidation of the downtrend scenario is a breach above $0.16.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Defi Volatility & Emerging Trends

Bitcoin price has halted all bullish production. The peer-to-peer digital currency has been experiencing erratic behavior since it hurdled the $21,000 barrier towards the end of July. Traders may continue to sideline their accounts in the coming days as the technicals suggest a wedging pattern is likely underway. 

Solana price struggles after ecosystem falls prey to multi-million dollar hack

Solana price is struggling to recover from its downfall after the blockchain fell prey to a hack through external applications. Users revealed their funds were cleaned out, and wallets were compromised. The hack claimed 8,000 victims, draining the wallets of nearly $8 million. These events have resulted in a bearish sentiment among SOL holders and Solana’s recent decline. 

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.