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Cryptocurrencies Price Prediction: Solana, Avalanche & Ethereum Classic — Asian Wrap 17 August

Solana Price Prediction: How high can the X-wave rally?

Solana price has fallen into a supportive level on the Relative Strength Index on larger time frames. Solana price could rally an additional 80% under conservative macro conditions. Invalidation of the uptrend scenario is a breach of the low at $25.78.  

Avalanche Price Prediction: A sharp decline in the making?

Avalanche price shows a potential sell-off underway, and key levels have been identified. Avalanche price could be depicting early evidence of liquidation underway as the technicals show subtle bearish cues. AVAX price has rallied 90% since July 1st, printing a new monthly high at $30.86.

Ethereum Classic Price Prediction: Has the FOMO rally topped?

Ethereum Classic price may be demonstrating a topping pattern based on technical indicators and fractal wave theory. Ethereum Classic price currently consolidates near a weekly zone as the sellers appear to have faded away on the Volume Profile indicator.

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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.

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Ondo Price Forecast: ONDO vulnerable to deeper losses amid CLARITY Act delay

Ondo is down over 2% on Friday, extending its 4% decline from the previous day, as the US Senate delays the floor vote on the crypto CLARITY Act to next month, weighing on Ondo. Retail demand for ONDO eases as Open Interest declines and funding rates turn negative. The technical outlook for ONDO is bearish as the downside momentum gains traction.

Ethereum Weekly Forecast: Calm before a bullish breakout

Ethereum continues to trade sideways, hovering around $1,901 on Friday, hinting at a potential breakout ahead. Meanwhile, steady Exchange Traded Funds inflows and rising accumulation among large ETH holders suggest that bullish pressure could be building beneath the surface. Institutional demand continues to strengthen.

Crypto Overview: US Senate delays Clarity Act vote – Cardano and LayerZero sustain gains

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Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1
Bitcoin (BTC) and Ethereum (ETH) remain under pressure on Friday after mild gains, while Ripple (XRP) slides over 5% so far this week. BTC faces rejection near a key resistance barrier, and ETH has been trading sideways for the last 22 days. Meanwhile, XRP is gravitating its correction toward the key $1 support zone.
Bitcoin: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.