Weekend Edition with John O'Donnell

Merlin Rothfeld Online Trading Academy

John and Merlin break down the week’s biggest news headlines from the currency devaluation from China, to the sale of coal mines by Goldman Sachs. They also take a look at the decision by the EU to bail out Greece once again. How long will it last? Finally, commodities continue to be crushed providing potential buying opportunities for those ok with more Risk!

Learn to Trade Now

Author

Merlin Rothfeld

Online Trading Academy

Merlin Rothfeld has been actively involved in the financial markets since 1996.

Pi Network Price Forecast: PI extends gains against a bearish market backdrop

Pi Network continues to attract some buyers on Wednesday after an over 8% rebound the previous day. PI token sustains above $0.070 as the price extends its rebound after reaching an oversold level, decoupling from the broader market correction. Technically, Pi Network must break above the overhead trendline near $0.0740 to resume an upward trend.

Dogecoin Price Forecast: DOGE slips to a new yearly low

Dogecoin recovers mildly, trading around $0.068 on Wednesday after hitting a new yearly low the previous day. Santiment data shows whale wallets offloading DOGE holdings, fueling near-term selling pressure. Meanwhile, weakening on-chain metrics and bearish technical indicators suggest that the meme coin could face further downside risks.

Zcash Price Forecast: ZEC tests $1,000 support as hot US CPI data offsets Grayscale’s marketing

Zcash is down to almost $1,000 on Wednesday, facing intense selling pressure over the last five days, with losses totaling over 20%. The hotter-than-expected US monthly inflation data offset the Grayscale’s Zcash-focused marketing campaign and the sponsor fees contribution to the network.

Crypto Today: Bitcoin, Ethereum, XRP extend decline with US CPI in focus

Cryptocurrency prices face increasing selling pressure on Tuesday, with Bitcoin (BTC) trading below $75,000, Ethereum (ETH) edging lower toward $2,100, and Ripple (XRP) hovering beneath the immediate $1.10 cap.

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.