|

Cryptocurrencies Price Prediction: Dogecoin, Starknet & Bitcoin – Asian Wrap 09 October

Dogecoin Price Forecast: Whale selling and bearish momentum threaten further correction

Dogecoin (DOGE) approaches the previously broken ascending trendline on Friday after double-digit losses so far this week. The bearish pressure is intensifying as some whales offload DOGE tokens. Meanwhile, weakening technical momentum indicators suggest further correction in the meme coin.

Starknet Price Forecast: STRK rally tests key breakout amid proposed Layer-1 transition

Starknet (STRK) is up 16% so far on Friday, advancing its steady recovery of nearly 200% since mid-August. The rally aligns with the rising demand for financial anonymity in the cryptocurrency market and the CEO of StarkWare, Eli Ben-Sasson’s proposed transition of Starknet to Layer-1 to achieve quantum security by 2027. The technical outlook for STRK is bullish, suggesting upside potential toward the $0.1000 psychological milestone.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC sheds 5%, ETH loses 50-day EMA, XRP risk breakdown

Bitcoin price trades at $81,930 on Friday after losing over 5% so far this week and losing the key support around the $85,000 mark. Despite this correction, BTC holds a mild constructive bias as it remains above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $75,255 and $79,747. This setup suggests the broader uptrend remains supported despite the recent pullback. However, momentum has cooled, with the Relative Strength Index (RSI) slipping toward 47 and the Moving Average Convergence Divergence (MACD) extending below zero, indicating waning near-term upside conviction.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Starknet Price Forecast: STRK rally tests key breakout amid proposed Layer-1 transition

Starknet is up 16% so far on Friday, advancing its steady recovery of nearly 200% since mid-August. The rally aligns with the rising demand for financial anonymity in the cryptocurrency market and the CEO of StarkWare, Eli Ben-Sasson’s proposed transition of Starknet to Layer-1 to achieve quantum security by 2027.

Top 3 Price Prediction: BTC sheds 5%, ETH loses 50-day EMA, XRP risk breakdown

Bitcoin, Ethereum, and Ripple remain under pressure on Friday after losing over 5%, 9% and 8% so far this week. BTC trades below $82,000, ETH loses $2,500, while XRP retreats toward a key support zone. The price action of these top three cryptocurrencies now faces critical technical levels that could determine whether the correction deepens or a recovery takes shape.

Ethereum Price Forecast: ETH drops below $2,500 as rising Treasury yields trigger selling pressure​

Ethereum fell below $2,500 on Thursday, down nearly 4% and extending losses for a third consecutive day. The decline follows rising Oil prices and US Treasury yields over the past few days. The 10Y Note Yield reached a 24-year high at 5.35%, and the 30Y Note Yield climbed above 5.70% earlier in the day, sparking major distributions in the crypto market.

Hyperliquid Price Forecast: HYPE drops to $84 as Hyperliquid Labs begins $330 million OTC distribution
Hyperliquid Labs distributed 3.75 million HYPE tokens, worth about $330 million, through an over-the-counter (OTC) arrangement with an undisclosed institution, rather than selling the tokens on public exchanges. According to onchain data shared by OnchainLens on Wednesday, the tokens completed a seven-day unstaking period before the full allocation was credited to Hyperliquid Labs’ spot balance.
Bitcoin: Is BTC setting up for an Uptober rally?
Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.