Cryptocurrencies Price Prediction: Solana, Ethereum & Cardano – American Wrap 08 July

FXStreet Team FXStreet

These two altcoins may decouple from Bitcoin and target new highs

Solana price releases from a symmetrical triangle continuation pattern and recaptures tactically important moving average. Compound price building the right shoulder of an inverse head-and-shoulders pattern, consolidating 170% rally. Meanwhile, Bitcoin price languishing near the June correction lows, void of any sustainable, impulsive bid. The decentralized finance (DeFi) space has been a reservoir of exciting trading opportunities since June 22. Based on the charts, SOL and COMP stand out for their relative strength and future potential to decouple from the flagship cryptocurrency, Bitcoin.

Ethereum Price Prediction: ETH decline just beginning, primed to fall another 20%

Ethereum price triggers a rising wedge pattern with a resounding decline of over 7% at the time of writing. Rumors of a delay for the London hard fork have been presented as the reason for today’s fall, but the charts already offered clear evidence that ETH was ready for a decline. Based on the price structure, not the rumors, the smart contracts giant could decline a further 20%.

Cardano Price Forecast: ADA could drop to $1.28

Cardano price looked promising for more upside at the beginning of the week. Sentiment shifted today after the US Federal Reserve FOMC-minutes showed worries for investors. ADA is looking for a retest of $1.28 or a 6.5% correction. Cardano price opened the trading session this Thursday morning with a few worries. Most indices are in the red after the FOMC minutes published on Wednesday. Markets look to go for some risk-off today, and ADA is taking the punches.

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FXStreet Team

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Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.