Cryptocurrencies Price Prediction: Dogecoin, Fartcoin & Bitcoin — Asian Wrap 23 April

FXStreet Team FXStreet

Dogecoin lead double-digit gains across meme coins, with Shiba Inu, PEPE and BONK skyrocketing to new monthly highs

Top meme coins Dogecoin (DOGE), Shiba Inu (SHIB), PEPE and BONK lead the meme coin sector with double-digit gains on Wednesday following the crypto market recovery. After smashing key resistance levels near their respective 50-day Simple Moving Averages (SMA), these meme coins now face a key hurdle close to the 100-day SMA.

Top 3 gainers Fartcoin, Zerebro, DeepBook: Solana and Sui meme coins soar on bold risk-on wave

Fartcoin price holds firmly above support established at $1.00 while exchanging hands at $1.16, up more than 2% on the day. The meme coin’s uptrend follows a sustained rebound from the Q1 downtrend, buoyed by support at $0.20, tagged in March. The Relative Strength Index (RSI) indicator’s position at 70.60 reinforces the bullish grip on Fartcoin, hinting that the token will break above $1.20 to pave the way for gains targeting the next key area at $1.50.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bulls target $95,000 BTC, $1,900 ETH, and $3 XRP

Bitcoin price has faced multiple rejections around its 200-day Exponential Moving Average (EMA) at $85,000 since April 13. On Monday, BTC finally broke above this resistance level, rising 9.7% to close above $90,000. At the time of writing on Wednesday, it hovers at around the $92,800 level. If BTC continues its upward momentum, it could extend the rally to test its March 2 high of $95,000.

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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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