Cryptocurrencies Price Prediction: Solana, Bitcoin & Binance Coin — Asian Wrap 31 Jan

FXStreet Team FXStreet

Solana upside potential hanging by a thread on support going into next week

Solana (SOL) is on the verge of opening another can of losses as the price looks set to close the trading week below the monthly S2 at $90.23. This close would set the scene going into next week for another leg lower, with first support at $61.44, almost 35% away. It all depends on the weekly close and the appetite of bulls to get involved at the moment.

Bitcoin makes a grand recovery this week, but the overall downtrend will keep investors worries

Bitcoin (BTC) price was just inches away from slipping further away below as investors mulled over several economic, central bank and geopolitical issues. With that, BTC price dipped towards $32,650 and was just inches away from sliding in a perfect fade-in zone where bulls would be able to scope up large chunks of Bitcoin at historical discounts.

Binance Coin looks to hold potential for 33% profit but is still stuck in a downtrend

Binance Coin (BNB) lost 33% of its value in the descent from last week's trading. But investors are looking to flip a coin as BNB price action looks set for either a 30% uptick next week or shedding another 20% of its value. As bulls have entered twice in two weeks at $335.3, the risk is that the level loses interest among investors.

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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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