Cryptocurrencies Price Prediction: Ondo Finance, Bitcoin & Ethereum — Asian Wrap 12 September

FXStreet Team FXStreet

Crypto Gainers: ONDO, AERO, and PENDLE lead the DeFi tokens recovery

Ondo holds a steady rise above the $1.00 psychological level, extending the gains for the sixth consecutive day. At the time of writing, ONDO appreciates nearly 2% on Friday, targeting the 50% retracement level at $1.17, which is retraced between the December 15 close at $2.04 to the June 22 close at $0.62. A clean push above this level could extend the rally to the 61.8% Fibonacci retracement level at $1.33.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls set sights on $120K BTC, $5K ETH, and $3.4 XRP

Bitcoin price kicked off the week with modest gains, initially facing rejection at the 50-day Exponential Moving Average (EMA) at $113,129 before regaining momentum midweek. It rallied over 2% on Wednesday to close above this key level and extended its advance the following day. At the time of writing on Friday, it is nearing its daily resistance at $116,000. If BTC closes above the daily resistance at $116,000 on a daily basis, it could extend gains toward its key psychological level at $120,000.

Ethereum Price Prediction: ETH could be set for a 'supply squeeze' amid steady demand - Sygnum

Ethereum experienced $71.8 million in futures liquidations over the past 24 hours, comprising $38.1 million and $33.7 million in long and short liquidations, per Coinglass data. ETH retested the resistance near $4,500 on Thursday after breaking above the upper boundary of a descending triangle pattern. ETH has to flip $4,500 into a support level before it can initiate a rally toward its all-time high resistance at $4,956.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

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.