Cryptocurrencies Price Prediction: Dogecoin, Avalanche & Uniswap – Asian Wrap 23 December

FXStreet Team FXStreet

Dogecoin Price Forecast: DOGE eyes breakout as falling wedge and bullish on-chain signals align

Dogecoin (DOGE) is trading within a falling wedge pattern at around $0.13 on Tuesday, and a breakout of this pattern favors bulls. While broader market conditions still remain mixed, improving on-chain and derivatives signals suggest growing optimism among traders, raising the possibility of an upside breakout if momentum continues to build.

Avalanche Price Forecast: Record high active addresses boosts AVAX whales interest

Avalanche (AVAX) trades above $12 at press time on Tuesday, following a 2% rise on the previous day. The layer-1 blockchain token shows signs of recovery, with active addresses hitting a monthly record high in December, and large wallet investors, commonly referred to as whales, are backing the renewed risk-on sentiment in the derivatives market. Technically, AVAX upswings within a descending falling wedge pattern, with bulls eyeing a potential breakout rally.

Uniswap Price Forecast: UNI holds above $6 as traders eye UNIfication vote outcome

Uniswap (UNI) price holds above $6 at the time of writing on Tuesday after closing above a key resistance zone in the previous week. Traders are focusing on the highly anticipated UNIfication proposal, which is set to conclude on Thursday, and could become a key near-term catalyst. On the technical side, momentum indicators are flashing bullish signals, hinting at an upside rally.

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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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