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

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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.

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

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Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated. Technically, PI holding steady at key support amid oversold momentum implies a potential recovery ahead.

Bonk Price Forecast: Extends losses as hacker moves stolen tokens to Binance

Bonk extends its losses, trading below $0.0000034 on Friday, losing over 16% so far this week. The ongoing correction was fueled by on-chain data indicating that the hacker behind the recent exploit transferred a portion of the stolen tokens to Binance.

Zcash Price Forecast: ZEC maintains bullish structure above key retracement support

Zcash is up over 2% recovering from an 8% decline the previous day. The privacy coin maintains its retail strength with a rising funding rate despite a minor contraction in ZEC futures Open Interest. Technically, ZEC retains a structural upward trend above its crucial moving averages with an upside toward $690.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC and ETH stall below key EMAs, XRP holds crucial support

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) came under renewed selling pressure during the second half of the week after staging a modest recovery earlier in the week. BTC trades below $63,600 on Friday, while ETH slips below $1,860 after facing rejection at key resistance levels. Meanwhile, XRP continues to hold above a crucial support zone, keeping its recovery outlook intact.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.