Cryptocurrencies Price Prediction: Decentraland, Cardano & Solana — Asian Wrap 27 Jan

FXStreet Team FXStreet

Decentraland price targets $2.50 to terminate downtrend

Decentraland price at an inflection point. MANA completed a 50% logarithmic retracement, fulfilling conditions for a new floor to target new highs. $2.50 is the critical resistance zone to break above to initiate a new bull run. Decentraland bulls have been thirsty to repeat the rally it experienced in October 2021.

Cardano bulls maintain support, ADA readies for return to $1.25

Cardano price is struggling performance-wise when compared to its peers. As a result, Bitcoin, Ethereum, and a good chunk of the altcoin market have moved into positions that precede a bullish reversal. Cardano, however, has yet to display that kind of price action – but it may very soon.

Solana price heads to $110 after being extremely oversold

Solana price, like the majority of the cryptocurrency market, has experienced significant loss. SOL is down 69% from the all-time high, but a sizeable retracement of that loss is coming up. Strong support was found near the $90 value area.

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FXStreet

Dash Price Forecast: DASH defies headwinds, paces toward $100

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.

XRP slides below 50-day EMA as selling pressure intensifies

Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.