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

FXStreet Team FXStreet

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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Ripple falls below $1.20 despite Africa stablecoin payments push

XRP corrects to trade below $1.20 following early-week rejection at $1.28 and broader crypto market weakness. XRP remains under pressure from declining major moving averages, undermining the MACD buy signal.

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Fed's interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 at the time of writing on Wednesday as investors await the Fed’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.