|

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

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.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP holds $1.00 key support as modest ETF inflows temper bearish trend

Ripple continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.

Zcash extends gains amid rising retail strength, Ironwood pool adoption

Zcash (ZEC) is up 5% on Monday, erasing the 4% losses from the previous week. The privacy coin gains retail strength amid rising user adoption, with Open Interest up 6% in 24 hours as Ironwood pool shielded volume crosses 3 million ZEC tokens.

Bitcoin range trade hints at looming volatility burst, analysts say

Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand.

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite returning ETF outflows

The crypto market is broadly consolidating on Monday, with Bitcoin (BTC) holding above $63,000, Ethereum (ETH) approaching $1,900 and Ripple (XRP) sitting on top of the critical $1.00 support level.

Bitcoin: Hormuz uncertainty clouds BTC outlook
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.