Cryptocurrencies Price Prediction: Polkadot, SafeMoon & Algorand — Asian Wrap 25 Feb

FXStreet Team FXStreet

Polkadot price structure unchanged as DOT awaits breakout to $40

Polkadot price action is mostly unchanged; the same reversal column still exists from November 3, 2021. Bulls have been awaiting an entry for months, but the wait continues. Point and Figure charting filters out the noise and prevents a lot of the anxiety associated with Japanese candlestick charts.

SafeMoon continues to slide south, recovery dependent on Bitcoin’s performance

SafeMoon price has made new 2022 lows and pushed below the critical $0.0010 value area into $0.0009. In addition, it continues to trade below all primary Ichimoku levels, indicating further selling pressure ahead. SafeMoon’s performance is tied to Bitcoin’s performance.

Algorand collapses with the broader crypto market, ALGO hits new one-year lows

Algorand price action is facing the same pressure dominating the entire cryptocurrency market. The results of Russia’s invasion into Ukraine have confirmed what most analysts and pundits expected, but risk-on markets globally continue to feel the pinch – and ALGO is no exception.

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Dash Price Forecast: DASH defies headwinds, paces toward $100

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.

XRP slides below 50-day EMA as selling pressure intensifies

Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.