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Cryptocurrencies Price Prediction: Solana, Ethereum & Bitcoin — Asian Wrap 21 Sep

Solana bulls panic selling could push SOL price sub -$100

Solana price has been on one wild ride since Friday. Major whipsaws in price action have generated uncertainty on both sides of the market. However, with a +14% move higher on Friday followed by a -23% move on Saturday and Sunday, bears remain in control.

Ethereum bears gain control, ETH price targets $2,500

Ethereum price continues to follow all crypto and non-crypto markets in a broad risk-off sell-off. Ethereum bears, which targeted the $2,900 value area, succeeded and now focus on $2,500. In addition, significant bearish Ichimoku conditions point to continued moves south.

Bitcoin bulls continue to get slaughtered, $40k BTC in sight

Bitcoin price spent the majority of last week testing a breakout above $49k but could not do so. As a result, Bitcoin bulls are trapped between $47k and $49k. Bulls now feel the pressure to abandon those longs as Bitcoin flirts with testing lower to $40k.

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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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Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers
Bitcoin (BTC) extends its correction, falling more than 8% and hitting an intraday low of $67,568 on Friday. Despite oversold technical signals, selling pressure continues to intensify, with persistent Exchange Traded Funds (ETFs) outflows, leveraged liquidations and weakening risk appetite weighing on the Crypto King outlook.