|

Cryptocurrencies Price Prediction: Uniswab, Binance Coin & Litecoin — Asian Wrap 8 Sep

Uniswap threatens to trade into the single digits as UNI price collapses

Uniswap (UNI) price action during the intraday session has been violent. UNI has pushed through nearly all of its primary support structures on the daily chart. The $30 price level has proven to be a strong resistance level and the failure to breach above that range has exacerbated the price collapse during the Tuesday trading session.

BNB suffers 27% flash crash; where will Binance Coin go from here?

Binance Coin (BNB) seemed well on its way to test a likely new all-time high towards the $700. Instead, BNB experienced a massive -27% drop from $496.23 to $370.14 during the Tuesday trading session. It has since recovered a significant amount of that initial drop and is presently down -15%. 

Litecoin price to retest $200 before LTC resumes its uptrend

Litecoin price has significantly increased since the beginning of September, gaining as much as 35.4% from the September 1st, 2021 open. However, LTC price has topped out at $233 and now sees rising selling pressure. If bulls cannot hold $200 as support, bears will likely gain control and push Litecoin price towards $180.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies
Cardano (ADA) faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve (Fed) decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.