Cryptocurrencies Price Prediction: Zilliqa, Bitcoin & Cardano — Asian Wrap 08 Apr


Zilliqa price momentum wanes, putting new all-time highs on hold

Zilliqa price cleared the neckline of a massive head-and-shoulders bottom pattern in November 2020, resulting in a 630% rally at Monday’s high. This rally has captured support at the 50-day simple moving average (SMA) on every pullback over the last three months. However, all trends need a structural reset, and resistance at the all-time high will likely be the catalyst to initiate a deeper correction.

 

Bitcoin mining could undermine China's efforts to reduce carbon emissions

The energy consumption related to cryptocurrency mining is a topic of debate among critics and advocates of these digital assets. Minting one Bitcoin requires a lot of electricity, which is at odds with the global movement to reduce carbon emissions. 

 

Cardano Price Projection: ADA poised for a 270% upswing

Cardano price climbed 270% in February on the highest monthly volume total since the digital coin inception in 2017. The correction process through March and early April has formed a pennant continuation pattern that includes two weekly dojis.

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Dogecoin Price Forecast: DOGE base targets at least 30% upside

Dogecoin price declined almost 50% from the April 16 high to the April 17 low, reminding speculators that DOGE did have two sides. Since the price low, the altcoin rallied close to the all-time high at $0.4532 by April 19. 

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Zilliqa Price Forecast: ZIL on the verge of a brutal fall

Zilliqa has lost 30% of its market capitalization in the past three days. The digital asset must hold a critical support level to avoid further downside action. 

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Binance Coin price ready for new all-time highs, according to technicals

Binance Coin price had a 20% dive in the last 48 hours amid overall market weakness. However, the Ethereum rival has managed to recover faster than other coins and aims for new all-time highs.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: XRP price takes point in recovering weekend crash losses

The entire cryptocurrency market tumbled this weekend due to rumors from unfounded sources circulating on Twitter. At the time of writing, most altcoins, especially DeFi coins, seem to be recovering quickly while Bitcoin and Ethereum, not so much.

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Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

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