Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 16 May

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Top 3 Price Prediction Bitcoin, Ethereum, XRP: Cryptos to consolidate after weekend rally

Bitcoin price falls more than 5% after a massive rally off of new 2022 lows. Ethereum price, like BTC, has given up nearly all of the gains it generated since last Friday. XRP price shows signs that it will be unable to breakout above near-term resistance, signaling another major drop in value may occur.

Three indicators that tell you when Bitcoin will bottom

Analysts have evaluated Bitcoin’s indicators and identified a bottom in BTC. Experts believe Bitcoin price could wipe out its losses and eye a $40,000 target in the next few months based on the indicators.

Dogecoin price pauses before returning to $0.14

Dogecoin price action has experienced some major whipsaws in price action since last week. Unless something drastic or unexpected happens, that behavior is likely to continue into this week.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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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.

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