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Cryptocurrencies Price Prediction: Polkadot, Algorand & Cardano — Asian Wrap 22 Apr

Cryptocurrencies Price Prediction: Polkadot, Algorand & Cardano — Asian Wrap 22 Apr
FXStreet TeamFXStreet TeamFXStreet

Polkadot price is in a critical spot as the DOT price has fallen to $18

Polkadot price hints at bearish power, as the price has failed to close above the invalidation level. Polkadot price has interesting signals as the bulls not have breached this week’s invalidation level. It was mentioned in last week’s bearish-neutral thesis that the bulls would need to close above the $19.45 level.

Algo price could go sideways for weeks if the technicals evolve

Algorand could take more time than hoped for as the bulls have failed to breakout. Traders should consider looking for better opportunities in the market. Algorand price looks like it could take a lot more time before a directional trend is confirmed as the price has failed to breakout after triggering buy orders at $0.75.

Cardano price could rally beyond $1 on one condition

After six months of a downtrend, Cardano price eyes the $1 level having hit a daily  high of $0.96. Data from crypto intelligence platform Santiment reveals crowd sentiment on Cardano hit its most positive level since mid-November 2021. 

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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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