Cryptocurrencies Price Prediction: UniSwap, SHIBA & DAO– American Wrap 8 February

FXStreet Team FXStreet

Uniswap Price Prediction: The final attempt for gains

Uniswap is struggling to breach the $7 resistance zone, but it is finding ascending support in the process. A breakout from the consolidation will likely define the trend for weeks to come.

Tron DAO establishes $100 million AI fund following ChatGPT and Google Bard hype

Tron had observed an increase in user base and capital over the last year following the launch of its stablecoin USDD at the time when Terra’s stablecoin collapsed. Now the blockchain is following its own footsteps to usher into the Artificial Intelligence (AI) space with its new fund.

The end approaches for Shiba Inu price, 20% crash in sight for SHIB holders

Expect a negative close for the week, as the list of tail risks for Shiba Inu only grow from here.

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FXStreet Team

FXStreet

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.