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Cryptocurrencies Price Prediction: Ethereum, Dogecoin & Cardano – American Wrap 07 January

Cryptocurrencies Price Prediction: Ethereum, Dogecoin & Cardano – American Wrap 07 January
FXStreet TeamFXStreet TeamFXStreet

Ethereum Price Forecast: ETH dives over 6% as staking withdrawals rise

Ethereum (ETH) is down 6% on Tuesday after the recent general crypto market decline canceled out gains seen in the past five days. If ETH fails to bounce off the lower boundary support line of a symmetrical triangle pattern, it could crash to the $3,000 psychological level.

Ethereum Total Value Staked. Source: CryptoQuant

Cardano whales bought 10 million ADA tokens in 24 hours, what does this mean?

Cardano (ADA) loses 2% on Tuesday amidst profit-taking by traders. The altcoin’s large wallet investors are accumulating the token at a rapid pace. This is typically considered a bullish indicator for Cardano and could support a recovery. 

Cardano

Dogecoin Price Prediction: DOGE traders deposit $1.2B as France’s Macron tackles Elon Musk

Dogecoin price consolidates below $0.40 on Tuesday, amid tailwinds from France's President Emmanuel Macron raised election meddling allegations involving Elon Musk on Monday. DOGE traders have opened over $1.2 billion worth of new positions within 24 hours of the news. Is the DOGE price on the verge of abreakout to $1 or a reversal toward $0.30? 

 

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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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Solana Price Forecast: Strong institutional confidence keeps SOL afloat above $100

Solana Price Forecast: Strong institutional confidence keeps SOL afloat above $100

Solana price is trading around $100 testing the psychological support level after a 3% decline the previous day. SOL-focused Exchange Traded Funds recorded over $150 million in inflows last week, reflecting strong institutional demand. Solana risks capitulation as price tests the $100 threshold amid easing bullish momentum.

Cardano Price Forecast: Bearish metrics threaten deeper ADA slide

Cardano Price Forecast: Bearish metrics threaten deeper ADA slide

Cardano remains under pressure, trading near key support around $0.191 following a loss of over 15% last week. Bearish derivatives metrics, weakening momentum indicators and dampening risk appetite amid fresh tensions in the Middle East cap ADA and risk a deeper correction ahead.

Crypto Overview: Bitcoin slips below $78,000 – DEX tokens rally

Crypto Overview: Bitcoin slips below $78,000 – DEX tokens rally

Bitcoin price is trading above $77,000 sustaining monthly gains of over 20% so far. The technical outlook for Bitcoin is bullish as the price holds above a crucial retracement support level at $76,706 amid broader market risk-on sentiment. Decentralized Exchange tokens, Uniswap and PancakeSwap, emerge as top performers over the last 24 hours, eyeing further gains.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses, ETH faces $2,500 resistance, XRP holds 200-day EMA key support

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses, ETH faces $2,500 resistance, XRP holds 200-day EMA key support

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have paused their gains after facing a slight pullback last week following their recent massive gains. BTC trades around $77,900 on Monday, and ETH faces selling pressure near the key $2,500 resistance level. Meanwhile, XRP corrects and finds support around a key level that could determine its next directional move.
Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.