Cryptocurrencies Price Prediction: Tezos, Avalanche and Cardano – European Wrap 4 August

Tezos price prediction: Is XTZ poised to break the ascending channel?

The cryptocurrency market has taken a considerable step back from bullish activities observed last week. Tezos price is consolidating in the confines of an ascending parallel channel while awaiting a breakout. Traders will likely claim some sizeable gains if they time the impending breakout to $2.00 and later to $2.20.

AVAX price ready to shed some weight before the next 40% run-up

AVAX price is correcting after an impressive run-up seen over the last two weeks. This move is likely driven by investors booking profits after the aforementioned upswing.

Cardano price rally is imminent, analysts set $0.72 target for ADA

Cardano price prepares for a rebound despite consecutive delays in the Vasil hard fork. Analysts have identified bullish potential in the altcoin, predicting a breakout past resistance at $0.55.