Cryptocurrencies Price Prediction: Sui, MYX Finance & Ethereum — Asian Wrap 18 September

FXStreet Team FXStreet

Sui Price Forecast: SUI bulls target double-digit gains with $4.44 in sight

Sui (SUI) price trades in green, above $3.80 on Thursday after rebounding from its key support level earlier in the week. The bullish view is further supported by rising Decentralized Exchange (DEX) activity and favorable funding rates. The technical indicators project SUI for further upside, with bulls eyeing the $4.44 resistance level as the next major target.

MYX Finance sustains rally as meme coins MemeCore, Fartcoin rebound

MYX Finance trades above $16, retracing nearly 6% at press time on Thursday following the 52% gains from the previous day. The intraday pullback reflects a reversal from an area close to the all-time high of $19.00 on the 4-hour chart. If the pullback intensifies, MYX could test the 50-period Exponential Moving Average (EMA) at $12.48, followed by the $9.83 support level marked on Monday.

Ethereum Price Forecast: ETH on-chain data shows bullish signs as Fed cut rates

Ethereum (ETH) on-chain data shows bullish signs as the Federal Reserve (Fed) reduced its interest rate by a quarter percentage point on Wednesday. Ethereum investors may be leaning toward a potential uptrend with the resumption of a Fed pivot, following rising whale demand, low selling pressure, network activity recovery, and an increasing stablecoin supply, according to CryptoQuant data.

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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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