Cryptocurrencies Price Prediction: Solana, Dogecoin & Bitcoin — Asian Wrap 27 October

FXStreet Team FXStreet

Solana Price Forecast: SOL bulls eye $230 as on-chain data and institutional adoption fuel optimism

Solana (SOL) continues its upward momentum, trading above $204 at the time of writing on Monday, having rallied more than 6% in the previous week. Rising on-chain activity, increasing institutional interest, and growing whale participation signal renewed confidence in the network’s long-term prospects. The technical outlook suggests a further rally, with SOL bulls poised to push the price toward the $230 target.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally as retail demand returns

Dogecoin edges higher by 1% at press time on Monday, advancing the nearly 5% gains from Sunday. The rebound in DOGE marks a descending triangle pattern on the 4-hour chart, as previously anticipated in an FXStreet report. Dogecoin’s breakout rally targets the 200-period Exponential Moving Average (EMA) at $0.21490, slightly above the R1 Pivot Point.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple extend gains, gear up for another bullish week

Bitcoin price found support around the 61.8% Fibonacci retracement level (drawn from the April low of $74,508 to the record high of $126,199) at $106,453 on Wednesday. BTC rose 6.57% in the next four days and closed above the 50-day Exponential Moving Average (EMA) at $113,397. At the time of writing on Monday, BTC trades above $114,975, nearing the key resistance at $115,137. If BTC closes above the 78.6% Fibonacci retracement at $115,137, it could extend the rally toward the psychologically important $120,000 level.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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