Cryptocurrencies Price Prediction: Polkadot, Avalanche & ApeCoin — Asian Wrap 14 Apr

FXStreet Team FXStreet

Polkadot price likely to fall into $16

Polkadot price displays bearish strength as the price has fallen below a key trend line. The $18 DOT price retests the broken line and could see strong resistance. DOT price candlesticks are in a steep decline. Invalidation for the bearish scenario will be a close above $19.45.

Avalanche price could reach new all-time highs as bulls find support on the weekly trend line

Avalanche price could be a profitable cryptocurrency for risk-taking traders. Traders should watch AVAX price closely to partake in a market bottom in the coming days. Avalanche price has been on analysts’ radar lately as the digital asset is retesting a breached weekly trend channel.

ApeCoin price is in a dangerous uptrend scenario, here’s why

ApeCoin price is treading treacherous waters as the price has rallied 20% this week. Overzealous traders should be aware of the macro outlook on APE price. ApeCoin price has delivered more confluence of a symmetrical triangle formation following this week’s 20% rally from the $0.10 lows.

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FXStreet Team

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

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.