|

Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Axie Infinity — Asian Wrap 24 Dec

Polkadot bulls pour in and rally DOT higher

Polkadot price could experience an unprecedented spike over the next week and extend into late January 2022. The setup on the $2.00/3-box reversal Point and Figure chart indicates a more than 300% move higher from the present value area. Polkadot price has a strong bullish reversal Point and Figure chart pattern developing.

Why Bitcoin could see the Christmas holiday begin a 50% rally

Bitcoin price has developed the necessary conditions for a Point and Figure chart pattern known as a Bear Trap. However, it has also developed conditions favorable for a Bearish Catapult setup. Bitcoin price action on its $1,000/3-box Reversal Point and Figure chart has developed two patterns, one bearish and one bullish.

Axie Infinity presents buy opportunity before AXS hits $170

Axie Infinity price action completes an A-B-C Corrective Wave in Elliot Wave Analysis, giving strong credence to an established low. An increase of more than 60% is projected from these current lows. Axie Infinity price action has an outstanding bullish early entry opportunity coming up.

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

Ripple and Stellar outlook: XRP slips, XLM rebound faces resistance amid mixed sentiment

Ripple (XRP) remains under pressure, slipping below $1.500 while Stellar (XLM) extends its rebound, trading around $0.227 but facing resistance amid mixed market sentiment. Rising US Treasury yields and mixed derivatives metrics continue to weigh on risk appetite, leaving traders cautious for both tokens.

Pi Network Price Forecast: Early signs of renewed bullish momentum amid Open Standard partnership

Pi Network (PI) ticks lower on Thursday after two consecutive days of mild recovery, testing the 50-day EMA at $0.0917. Pi Core Team announced a partnership with Open Standard on Wednesday to explore the OUSD stablecoin reward programs for Pi Network users, commonly referred to as Pioneers, and its utility across the Pi ecosystem.

Why CLARITY Act's failure is beneficial for crypto — Bitwise

Bitwise CIO Matt Hougan stated Wednesday that the crypto market has rallied since the US Senate failed to advance the CLARITY Act, arguing that the legislation’s collapse allowed regulators to move faster on industry rules. Hougan noted that Bitcoin has gained 8% and Ethereum 7% since the vote, while several altcoins posted larger gains.

Ethereum Price Forecast: Leverage capital cools to lowest level since March amid consolidation
Ethereum (ETH) remains range-bound on Wednesday, with leverage capital continuing to dwindle despite lower-than-expected inflation data. Open interest, the total value of outstanding contracts in a derivatives market, in the top altcoin has trended down over the past week, reaching 12.49 million ETH, its lowest level since March 1.
Bitcoin: BTC consolidates gains as ETF inflows hit highest level since October 2025
Bitcoin (BTC) price holds above $84,000 at the time of writing on Friday as it consolidates gains of over 4% so far this week. Institutional demand supports the bullish outlook, with spot Exchange Traded Funds (ETFs) recording a net inflow of $2.25 billion through Thursday, pointing to the highest weekly inflow since October 2025.