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

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

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

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.

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