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

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

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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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

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

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.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

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

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.