Cryptocurrencies Price Prediction: Ethereum, Zilliqa & Elrond – American Wrap 31 March


Ethereum Price Analysis: ETH consolidation nears completion, targeting $2,500

Ethereum price has constructed a symmetrical triangle on the daily chart after briefly trading below the 2018 high at $1,419.96. The entire corrective process has been on below-average volume, showing a legion of committed traders and investors. This is a correction in time as much as price.

Zilliqa Price Forecast: ZIL future is unclear but favors a potential 25% upswing

Zilliqa price has been trading inside a massive ascending parallel channel for almost two months now. There is a lot of uncertainty with the asset's short-term price action, even though bulls seem to be the favorite at the time of writing.

Elrond Price Forecast: EGLD bounded between two key levels, awaits major move

The Elrond price has been trading inside a tightening range for several weeks now and seems to be on the verge of a potential 45% breakout or breakdown. The digital asset faces steep resistance ahead but also has robust support.

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Nightmares repeat as BTC flash crashes

Bitcoin price slid roughly $7,000 on Wednesday after Elon Musk tweeted that Tesla will not accept BTC. Ethereum price dropped only $270 and is in recovery mode. Ripple eyes a dip into the demand zone ranging from $0.941 to $1.156 before it attempts to rise higher.

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Polygon sets sights on new all-time high despite recent flash crash

MATIC price shows a massive spike in buying pressure that has undone the recent crash. A sustained buying pressure here could propel Polygon price to the 161.8% Fibonacci extension level at $1.287. A breakdown of the support barrier at $0.872 will invalidate this uptrend.

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Ripple struggles to break through stiff resistance

XRP price seems to have suffered from the sell-off caused by Elon Musk's announcement that Tesla stopped accepting cryptocurrency payments. XRP price slid by more than 22% over the past 24 hours to hit a low of $1.20. Buyers seem to have quickly scooped up more tokens at a discount.

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Tesla ditches Bitcoin as payment but may accept Dogecoin instead

Dogecoin price plunged by over 25% in the past 24 hours, reaching a low of $0.38. DOGE fell in tandem with the rest of the crypto market following Elon Musk's announcement that Tesla is suspending vehicle purchases using Bitcoin. The meme-coin could be awaiting a recovery if Tesla decides to accept DOGE as payment instead. 

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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