Cryptocurrencies Price Prediction: Fantom, Ripple and Aave – European Wrap 7 March

FXStreet Team FXStreet

Making a case for 28% crash in Fantom price

Fantom (FTM) price has been trading with a bearish bias since early February, recording lower highs and lower lows as the price consolidated within a descending parallel channel. Like the rest of the altcoins, FTM follows the bearish wave of Bitcoin (BTC) with monitoring resources showing that the king crypto’s price action has lost an essential technical support level.

Three reasons why Ripple price buckle under pressure and crash 20% soon

Ripple (XRP) price sees markets gearing up for some massive risk events on the economic calendar. One could even say that bulls have dropped the ball and did not use the quiet window of opportunity last week to stretch that rally toward $0.42 yet again. Instead, more profit-taking happened along the way, making it very difficult to see any upside as US Fed Chairman Jerome Powell takes the stage twice this week and the US jobs report hits the wires on Friday.

Can the growth of AAVE V3 deployment on Ethereum catalyze recovery in the DeFi token?

AAVE V3 was first deployed on Ethereum on January 27. Since then the DeFi protocol witnessed massive growth, adding nearly 11 new assets within a month of its deployment. The Total Value Locked (TVL) in AAVE V3 hit a five-month peak at $831.82 million with the rise in borrowing of Ethereum supplied by liquidity providers.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks