|

Cryptocurrencies Price Prediction: Uniswap, Binance Coin and Ethereum – European Wrap 23 February

Uniswap price sees traders sustaining upward momentum, UNI heading for $7.82 due to upside break

Uniswap (UNI) price saw bulls falling out of the boat as price action started dropping further below the ascending trend channel marked up on the charts. Bulls returned near the end of the US trading session though and kept their act together. The dust needs to settle first with the publication of the Fed minutes before bulls can advance and take out $7.82 to the upside.

UNI/USD daily chart

Binance’s billion dollar purchase of Voyager could be unlawful according to US regulators: How will BNB react?

US financial regulators have opposed crypto exchange Binance’s purchase of defunct crypto lender Voyager, arguing amongst other things that Binance may not have enough money to reimburse Voyager’s creditors. 

BNB/USDT price chart

Ethereum Price Prediction: ETH ICO whale moves $8.3 million worth tokens, $1,800 next target for bulls?

Ethereum price is in limbo as it hovers below the midpoint of a recent downswing. Depending on how ETH produces a four-hour or a daily candlestick close relative to this level, ETH will either trigger a minor run-up or continue its descent. But until then, the smart contract token shows no discernible directional bias. 

ETH/USDT 4-hour chart

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

Bitcoin and Gold Outlook: BTC eyes $70,000, XAU defends $4,000 as focus shifts to US CPI inflation

Bitcoin trades in the red below $75,000 on Monday, while Gold attracts some buyers, holding above $4,100. Market dynamics shifted toward risk aversion after last week's US midterms, resulting in a 5% rebound in Gold as a safe-haven asset, while BTC’s high-risk nature led to a 4% loss in the same period.

Crypto Today: Bitcoin, Ethereum, and Ripple extend downtrend as selling pressure mounts

Major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, maintain a broadly corrective tone, extending losses from the previous week. Risk-off sentiment builds in the crypto market following last week’s correction linked to Democrats sweeping the US midterms.

Pi Network hits record low as bearish pressure overwhelms rebound hopes

Pi Network is trading at a record low, with over 5% losses so far on Monday, following the previous day’s 6% decline. The PI token's retail appeal also takes a hit, with its Open Interest down by over 20% in a week, indicating a large-scale unwinding of active positions.

Ripple risks further losses as bears eye $1

Ripple extends its decline, trading below $1.09 on Monday after falling more than 10% last week. Weakening institutional demand adds downside pressure, as XRP spot Exchange-Traded Funds (ETFs) recorded $529,510 in net outflows last week, ending a two-week streak of inflows.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.