Cryptocurrencies Price Prediction: Solana, Avalanche & DogeCoin — Asian Wrap 21 July

FXStreet Team FXStreet

Here’s a recap of the successful trades we forecasted for Solana price this week

Solana price has been a very enjoyable chart to trade, however partaking in additional moves is ill-advised until further evidence can depict a safe entry. Solana price currently trades at $42.70. It was mentioned in the last thesis to continue maintaining a short term bullish bias as the Solana price targeted liquidity levels in the $47 region.

AVAX price rallies 50% in 10 days, here’s what could happen next [Video]

Avalanche price movies in unison with the rest of the market. The Ethereum-based gaming token still has more upside potential. Avalanche price may have traders in disbelief as the digital asset continues to rally higher. Invalidation of the uptrend is a breach below $22.

Don’t stake Dogecoin on Binance: Developers warn DOGE holders

Dogecoin developers took to Twitter to express this disapproval of Binance’s DOGE staking program. Binance recently announced a new program for Litecoin and Dogecoin “Locked Staking” without detailed risk exposure. Analysts predicted a quick run up to $0.082 as Dogecoin breaks out of its downtrend.

Author

FXStreet Team

FXStreet

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.

Ripple and Stellar outlook: XRP awaits a breakout, XLM rally gathers pace

Ripple steadies at $1.19 below the upper boundary of its falling channel after facing rejection. Meanwhile, Stellar extends its gains, rallying over 25% so far this week. Derivatives metrics suggest a cautious outlook for XRP, while XLM's improving futures positioning suggests a bullish outlook.

Crypto Overview: Bitcoin loses $65,000 while Ethena and Stellar advance

The broader cryptocurrency market remains divided with Bitcoin slipping below $65,000 after Kevin Warsh’s hawkish speech the previous day, while altcoins like Ethena and Stellar advance upwards. Demand for altcoins with real-world utility, linked to stablecoins or tokenized stocks or bonds, fuels the short-term buying pressure.

Binance founder CZ urges governments to tokenize stock markets and launch sovereign stablecoins

Binance founder Changpeng Zhao has called on governments to tokenize their stock markets and issue sovereign stablecoins, arguing that blockchain technology can expand access to capital markets and increase the global use of national currencies.

Bitcoin remains under bearish pressure despite recent rebound — Glassnode

Bitcoin (BTC) remains well below key onchain metrics, with realized losses continuing to dominate capital flows despite a partial price recovery. The top crypto rebounded from lows near $60,000 to the $65,000 range after the US-Iran peace deal reversed much of the war premium that had weighed on risk assets.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.