SUI Price Forecast: Technical indicators show bearish divergence
Sui (SUI) price extends its decline on Wednesday after being rejected from its all-time high of $2.18 on Monday. Technical analysis further supports a short-term decline, as the formation of a bearish divergence on a momentum indicator suggests weakening upward momentum.
Ripple Price Forecast: Canary Capital files for XRP ETF
Ripple (XRP) stabilizes around $0.530 on Wednesday after facing rejection from its daily resistance level on Monday. Canary Capital’s official filing for an XRP Exchange Traded Fund (ETF) with the US Securities and Exchange Commission (SEC) on Tuesday is generally a positive development. However, technical analysis and on-chain metrics indicate a potential short-term correction for Ripple.
Bitcoin Price Forecast: BTC on-chain metrics show weakness in institutional demand
Bitcoin (BTC) stabilizes above $62,000 on Wednesday after a minor decline on Monday. A firm daily close below this level would suggest a decline ahead. Moreover, BTC shows weakness in institutional demand, highlighted by $58.20 million outflows in US Spot Bitcoin ETFs and a falling Coinbase Bitcoin Premium Index. In addition to these bearish signs, the US government has gained control over 69,370 BTC from the Silk Road funds, worth $4.33 billion, which might create Fear, Uncertainty, and Doubt (FUD) among traders, potentially adding further bearish pressure to Bitcoin price.
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Sui bulls eyes for a new all-time high of $6.35
Sui price recovers most of its weekly losses and trades around $5.06 at the time of writing on Friday. On-chain metrics hint at a rally ahead as SUI’s long-to-short ratio reaches the highest level in over a month, and open interest is also rising.
Bitcoin Weekly Forecast: Room for a recovery or continuation of the pullback?
Bitcoin’s price slightly recovers and trades around $94,700 on Friday after declining nearly 6% earlier this week. US Bitcoin spot Exchange Traded Funds data shows signs of mild recovery, with a total net inflow of $462.2 million until Thursday.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: All hints for a continuation of the correction
Bitcoin retests its key support level of $92,493; a firm close below it could continue its ongoing correction. Ethereum price closed below its crucial support level of $3,236, suggesting the continuation of the pullback.
XRP funding rates flashes negative, eyes $2.17 following 4% decline
Ripple's XRP declined 4% on Friday following a decline in its funding rates. The remittance-based token could decline to test the $2.17 support level if the crypto market decline extends.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
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