Cryptocurrencies Price Prediction: Filecoin, Floki Inu & Ethereum — Asian Wrap 18 May

FXStreet Team FXStreet

Filecoin price resilient amid SEC challenge, eyes 40% surge

Filecoin (FIL) price has survived the latest attack by the US Securities and Exchange Commission (SEC) against Digital Currency Group (DCG) subsidiary, Grayscale. In the latest update, the federal securities regulator has asked the asset manager to withdraw its FIL Trust Application.

Floki Inu price could initiate recovery to April highs on six trillion FLOKI turning profitable

Floki Inu price has been straying away from broader market cues, charting its own path without following cues from Bitcoin or Dogecoin. This fluctuation of price has left a significant portion of the supply in limbo, which, when turned into profits, could potentially push the price up.

Ethereum price eyes $2,000 despite facing trouble from multiple directions

Ethereum being the home of Decentralized Finance (DeFi), has more use cases than most of the top cryptocurrencies, including Bitcoin. Such utility also attracted flak from not just users but also regulatory bodies, resulting in the Ethereum price finding it difficult to recover. However, that is not the case this time around.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.