Cryptocurrencies Price Prediction: Stellar, Solana & AVAX — Asian Wrap 06 Oct

FXStreet Team FXStreet

XLM presents a 200% opportunity to catch up with the rest of the market

XLM price action has certainly been a disappointment to its supporters. Considering that cryptocurrencies like Dogecoin-killer Shiba Inu have rallied over 60% and Bitcoin itself over 20%, it is easy to see why XLM bulls are frustrated.

Solana pauses for support while SOL targets $215

Solana price has regained the majority of its losses from its all-time high and shows evidence of a continuation move higher. Thus, nearly all conditions necessary to fulfill an Ideal Bullish Ichimoku Breakout are complete, but some hints of near-term weakness remain.

AVAX bulls eye return to $80 before pushing Avalanche towards new all-time highs

AVAX price continues to display resilience and strength. Easily one of the best performers of 2021, AVAX may continue to consolidate before beginning another expansive move. AVAX price broke down below one of the most robust and bearish chart patterns in technical analysis: the rising wedge pattern.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.