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

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

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. 

FTM/USDT 1-day chart

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.

XRP/USD  Daily chart  

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. 

AAVE V3 TVL

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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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Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano (ADA) faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve (Fed) decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.