Cryptocurrencies Price Prediction: NEAR, Binance & Ethereum – European Wrap 28 December

FXStreet Team FXStreet

Near Protocol Price Prediction: NEAR could crash 15% as mean reversion probability spikes

Near Protocol (NEAR) price shows clear signs of bullish failure as the altcoin produces lower lows and fractures an important uptrend support line. NEAR holders can expect a quick double-digit pullback soon.

Near Protocol price rallied 121% between December 18 and 25, setting up a local top at $4.62. Since then, NEAR has shed 11% and currently trades at $4.09. This down move has shattered the trendline connecting the five lower highs NEAR produced during its rally, confirming the start of a trend reversal.

Binance Coin Price Forecast: BNB buying opportunity before $400

Binance Coin (BNB) price shows no signs of slowing down after rallying nearly 24% this week. This massive uptrend could slow down soon as BNB approaches key weekly hurdles.

Binance Coin price has registered a 24% rally this week, rallying from $264 to $327, where it currently trades. BNB currently tugs with the Momentum Reversal Indicator’s (MRI) resistance level at $322. Additionally, the Binance-based altcoin will face the range high at $337, which has been a key hurdle since it was first formed in May 2022.

This is how one Ethereum hard fork in 2023 changed the DeFi market forever

With the year coming to an end, the DeFi market is also locking in the changes witnessed throughout 2023. One key change was the Ethereum Shapella hard fork that not only impacted the market but seemingly altered the face of the Decentralized (DeFi) market entirely.

Ethereum mainnet went through the Shanghai hard fork earlier this year in April, which enabled the option to withdraw the ETH staked by validators. This occasion was expected to be a hugely bearish event as the crypto market feared that the investors might choose to pull out their staked ETH.

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FXStreet Team

FXStreet

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.

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.