Cryptocurrencies Price Prediction: Shiba Inu, Avalanche & Hedera Hashgraph — Asian Wrap 22 February

FXStreet Team FXStreet

Shiba Inu Price Prediction: A pullback is not too far-fetched

Shiba Inu price shows reasons to practice caution as sudden changes in market behavior suggest a decline is on the way. This thesis utilizes technical analysis and indicators to forecast the next potential move for SHIB.

Avalanche Price Prediction: A volatile upswing targets $29

Avalanche price continues to display bullish technicals as the third trading week progresses. Since January 1st, the highly scalable block-chain based gaming token is up 91%. The rally has surprised market participants as the sentiment throughout 2022 was clouded with talks of inflation and bear market woes.

Hedera Hashgraph Price Prediction: Trade what you see not what you feel

Hedera Hashgraph price shows short-term bearish technicals that may alter the bullish narrative in the coming days. Traders should remain unbiased during consolidation phases and continue to practice risk management while seeking profitable opportunities.

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FXStreet Team

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Dogecoin tests a key make-or-break point amid waning retail support

Dogecoin trades below $0.08000 maintaining a steady decline for the seventh straight week, with a 4% drop the previous day. The meme coin is losing its retail strength as DOGE futures Open Interest drops 10% in 24 hours, while institutional demand remains muted with zero inflows so far this week.

Meta CEO Zuckerberg directs development of standalone prediction markets app 'Arena'

Mark Zuckerberg has directed a small team at Meta to develop a new smartphone app focused on prediction markets, according to a Tuesday report by the New York Times. The experimental project, internally known as Arena, would allow users to forecast outcomes across sports, politics, entertainment and current events.

Top 3 Price Prediction: BTC under pressure, ETH loses key support, XRP momentum weakens

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday after falling slightly the previous day. BTC trades below $63,000, ETH slips below $1,700, while XRP momentum continues to weaken. The deteriorating price action in these top three cryptocurrencies suggests a potential continuation of the near-term correction.

Crypto Market Overview: Bitcoin loses $63,000 amid tech sell-off – WLD, VVV tokens lead losses

Bitcoin (BTC) edges below $63,000 at press time on Wednesday, amid a global sell-off of tech stocks, including AI and chip stocks. The broader crypto market recorded $550 million in total liquidations, primarily driven by long liquidations, suggesting sell-side dominance, with Worldcoin (WLD) and Venice Token (VVV) leading losses.

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.