Cryptocurrencies Price Prediction: The Graph, Ripple & Dogecoin – Asian Wrap 05 Mar


The Graph Price Prediction: GRT eyes a 40% drop due to major S/R flip

The Graph Price has been consolidating in a descending parallel channel pattern for almost 20 days. GRT’s recent upswing faced rejection from the channel’s upper trendline, which has resulted in a 17% drop so far. Since its all-time high at $2.86, the Graph price has formed a series of lower highs and lower lows.

Ripple Price Analysis: XRP bulls need to defend $0.4500

Ripple joins the fresh drop in headline cryptocurrencies while revisiting $0.4600, down 4.62% intraday, during early Friday. The altcoin recently took a U-turn from 200-bar SMA but stays inside a weekly rising trend channel to keep the buyers hopeful.

 

Dogecoin Price Prediction: DOGE bulls embrace for a long trip towards 0.0880

DOGE/USD rises to 0.0504 in its latest run-up during early Friday. In doing so, the meme-coin bounces off the lowest since Sunday while funneling down the breakout of a short-term symmetrical triangle. Normal RSI, repeated bounces off weekly low favor bulls.

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Cardano price tests bull’s endurance, as ADA battles with all-time high

Cardano price is coiling along the all-time high, unable to participate in the rally of the broader crypto market. The 10-week simple moving average (SMA) has caught up to price, but one final bear-trap may be necessary to remove the weak holders and engage speculators with a longer-term horizon.

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Chainlink price knocks out dual resistance, LINK poised for all-time highs

Chainlink price reaching outer limit of 9-day returns for 2021. Topside trendline looms over rally sustainability. IOMAP data shows trivial resistance at current price level.

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VeChain price consolidation prolonged, while VET developers pursue a dynamic eNFT ecosystem

VeChain price battles descending trend line with little volume commitment. Key Fibonacci retracement level of the April decline detaining price strength. VET to capitalize on enterprises bringing NFTs to the ecosystem.

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Ethereum price jumps to new all-time highs as eBay is reportedly exploring NFT auctions

Ethereum has exploded in the past 24 hours reaching a new all-time high of $3,204 outperforming Bitcoin and the rest of the market. ETH hit $370 billion in market capitalization almost quadrupling Binance Coin even though it also saw a massive rally. 

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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