Cryptocurrencies Price Prediction: Ethereum, Algorand & Polkadot — Asian Wrap 22 Feb

FXStreet Team FXStreet

Ethereum price tests January 2022 breakout and find support, ETH to retest $3,200

Ethereum price action has not been immune to the broader effects weighing on risk-on markets. Fears of an imminent invasion of Ukraine by Russia have sidelined many market participants or have scared off investors entirely. However, a new bull market and expansion move may be developing for ETH.

Algorand blockchain now available on Amazon Web Services marketplaces, powered by Guardrails

Cloud solutions provider Guardrail has announced the availability of the Algorand Blockchain on AWS. The release of the Algorand Blockchain on the AWS marketplace makes it possible for users to securely deploy and operate nodes. Analysts note a bullish divergence in Algorand price trend as V bottom appears.

Polkadot needs to close above $18 to avoid a bull trap

Polkadot (DOT) price is seeing plenty of ask prices hit by buyers as price action bounces off the $17-handle and markets breathe a sigh of relief on possible new talks underway between Biden and Putin. With the rally underway, one risk needs to be underlined, and that is the emergence of a possible bull trap.

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FXStreet Team

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Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash

Shiba Inu (SHIB), the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021.

Crypto Market Overview: Bitcoin, Zcash and Bittensor rebound, but are these gains sustainable?

Bitcoin upholds a subtle recovery outlook on Monday, trading above $64,000 as investors reengage amid easing geopolitical tensions, particularly in the Middle East. Altcoins are broadly rising, led by Zcash and Bittensor, indicating a positive short-term turnaround.

Crypto Today: Bitcoin, Ethereum, XRP rise slightly as US-Iran peace talks make progress

Cryptocurrency prices are broadly rising on Monday, with Bitcoin reclaiming support above $64,000. Ethereum holds above $1,700 as bulls target a short-term breakout above $1,800. Meanwhile, Ripple is back above $1.13 after testing the $1.12 support level.

Bitcoin struggles as ETF outflow streak extends to six straight week

Bitcoin trades around $64,000 at the time of writing on Monday after declining nearly 4% in the previous week. BTC investors remain cautious despite signs of progress in the first round of US-Iran peace talks in Switzerland.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.