Cryptocurrencies Price Prediction: Ethereum, Swipe & Tezos – American Wrap 08 Abril


Ethereum Price Forecast: Buyers aim for $3,000 as more than $52 billion worth of ETH locked away

Ethereum price has been under consolidation for the past week after a run to its new all-time high of $2,151. The digital asset faces weak resistance ahead according to various on-chain metrics while bulls target $3,000.

Swipe Price Forecast: SXP whales target $7 as they remain in accumulation mode

Swipe price has recently established a new all-time high at $5.02 compared to the previous high on August 13, 2020. The digital asset had a massive crash throughout the second half of 2020 and started a recovery run at the beginning of 2021. On April 5, SXP experienced $1.4 billion in trading volume, its highest ever, indicating that investors are more interested than ever in the asset.

Tezos Price Forecast: XTZ primed for surge to new all-time highs

The Tezos price had a 20% correction down to $5.37 but has recovered well and is poised for a new leg up after defending a crucial support level. The digital asset remains in price discovery mode after establishing a new all-time high of $6.8 on April 6. 

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Stellar approaches critical level that could propel it to $1.42

XLM price is heading toward the lower trend line of an ascending parallel channel. A bounce from the demand zone extending from $0.40 to $0.43 can propel Stellar by 200% to record levels. If this area of support is breached, a bearish narrative will unfold.

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Enjin Coin loses critical support and could fall deeper

The entire cryptocurrency market suffered a deep correction, losing $310 billion in market capitalization over the past three days. The momentum has clearly shifted in favor of the bears, and ENJ is on the verge of another leg down.

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Litecoin edges closer to 83% bull rally

Litecoin price is hovering above two critical demand zones that could propel the coin to new yearly highs. A breach of the supply zone’s upper boundary at $317.09 will provide further confirmation of an upswing. The bearish scenario will come into play if LTC bears pierce the $210.77 level.

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Ripple finds foothold for 60% upswing

XRP price hit a dead-end during the previous impulse wave, creating a recent local top, which resulted in a deep correction. However, the formation of a reversal pattern suggests that gains await holders.

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Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

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