Cryptocurrencies Price Prediction: Polkadot, Crypto.com & Avalanche — Asian Wrap 01 June

FXStreet Team FXStreet

Why the Polkadot price is a gambler’s vice

Polkadot has a double scenario-like price action that needs further investigation before forecasting a profitable trade.Traders should consider looking for more profitable opportunities. Polkadot price is portraying itself as a questionable digital asset within the crypto ecosystem.

Crypto.com targets $0.27 amidst bullish resurgence

Crypto.com shows no reason to doubt more upside. Still, an invalidation will be necessary for traders to partake in the rally. Crypto.com price shows subtle signals as the CRO price has embarked on an uptrend rally. The crypto.com price looks to retrace towards price levels established in early March.

Avalanche price could devastate investors as previous LUNA negotiations re-kindle uncertainty

Avalanche price could be setting up for another move to the downside. Traders should be cautious with bullish targets amidst potential “news-related sell-offs.” Avalanche price displays a possibility to consider another downside move. The AVAX price currently trades at $26, still within range of the initial sell-off that occurred on May 9.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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