Price Prediction 10/10: BTC, ETH, XRP, BNB, SOL, DOGE, ADA

ETH is experiencing slight buying pressure following its notable decline on Thursday. It is up by a few percent on Friday as traders halt selling.

Nonetheless, the cryptocurrency market is experiencing a slight drop in trading volume, with no significant change in the last 24 hours. However, the declining volume failed to have any significant effect on the market cap.

The recovery is affecting almost every crypto asset, which registered slight gains during the first half of Friday. Regardless of the unfolding trend, investors are grappling with uncertainty as the fear and greed index dropped by 4 points from the previous day’s readings.

However, fundamentals remain essentially flat amid the ongoing uptrend. News that the US government shutdown may extend for longer has garnered mixed reactions. Nonetheless, prices have not shown any adverse effects.

Several cryptocurrencies rose to new highs on Monday. Mantle opened at $2.11 and surged, peaking at $2.47, closing with gains of almost 17%. It is currently grappling with notable selling pressure and slipped to a low of $2.20 on Tuesday.

The market is recovering from the previous day’s downtrend, with some crypto assets seeing notable attempts at recovery amid the growing bearish pressure. Let’s see how they may perform in the coming days.

BTC/USD

Bitcoin has declined by almost 3% on Tuesday. It opened the session at $124,728 and retraced after an uptick, flipping $122k and reaching a low of $121,113.

The coin showed signs of losing its upward momentum on Monday, ending the session with no significant change in value after registering a new ATH. Additionally, it traded at its lowest value in the last three days on Tuesday.

The apex coin has pulled back some of the losses it incurred the previous day, gaining almost 2% on Wednesday. It peaked at $124,220 a few hours ago but is currently grappling with slight selling pressure at the time of writing.

Nonetheless, the 4-hour chart remains positive amid the current trend. The moving average convergence divergence shows the 12 and 26 EMA closing the gap between them. BTC may retest $125k if the bullish trend persists

ETH/USD

Ethereum is experiencing a slight recovery following its slip to $4,320. The recent candle on the 4-hour chart depicts no strong ongoing buying pressure, indicating the possibility of a further decline. 

Nonetheless, the asset is experiencing a better upward momentum than the previous day. On the 1-day chart, the improvement is not significant as it still prints a red candle. However, the relative strength index on the shorter timeframe shows rising buying pressure.

Additionally, MACD’s histogram prints shorter bars as the gap between the 12 and 26 EMA narrows. With both indicators hinting at a possible end to the downtrend, ETH may see further increases. It may return to $4,400 over the weekend.

However, previous price movements on Friday hint at the likelihood of a rangebound movement. ETH may not experience any significant breakout if this holds. On the flip side, the altcoin risks slipping below $4,200 if the downward momentum increases.

XRP/USD

Recent price movements suggest that XRP is seeing notable selling pressure at $2.83. The last three candles on the 4-hour chart show several rejections at this level. The chart also reveals that the asset has been range-bound during this period. 

Nonetheless, its current price action indicates growing positive sentiment among investors and indicators reacting. MACD shows an almost complete bullish convergence as RSI sees slight increases. 

If readings from both indicators hold, XRP will experience further increases like ETH. It may break above its recent sell wall and edge closer to $2.90. It is also worth noting that the bollinger bands suggest that the asset may experience another sell wall at $2.85.

BNB/USD

The 4-hour chart shows that BNB was in a range-bound movement for most of the last three days but broke the trend on Thursday. It has resumed the trend, failing to break above bollinger’s middle band. 

Recent price movement hints at a growing downside appetite as BNB’s recent candle depicts a lower high than the last two candles. Amid these trends, indicators like the moving average convergence divergence and the relative strength index print buy signals.

Trading at $1,270, the altcoin may surge and retest the previous sell wall at $1,330. However, the growing downward momentum increases the likelihood of a drop to $1,200.

SOL/USD

Solana dropped to a low of $216 on Thursday before rebounding. It ended the day with losses exceeding 3%. It retested the same level in the early hours of Friday but trades at its opening price.

The 1-day chart shows it prints a doji following its rebound from the low. Nonetheless, the 4-hour chart hints at further increases. 

While it remains rangebound on this timeframe, the altcoin is seeing slight selling pressure close to bollinger’s middle band. Previous price movement suggests that it may retest $225 after breaking the metric. Nonetheless, SOL may continue its current trend.

DOGE/USD

DOGE rebounded from a low of $0.241 on Thursday but failed to erase all the losses it incurred. Nonetheless, it prints a green candle on the 1-day chart as the upward momentum continues into the early hours of Friday.

However, the 4-hour chart reveals that the asset maintained the same low over the last three candles, while registering lower highs. The price movement suggests that the memecoin is seeing a gradual decline in its upward momentum.

Nonetheless, MACD shows that the asset had bullish divergence, suggesting further increases. It will retest $0.255 in the coming days.

ADA/USD

Cardano’s last four candles reveal that the asset failed to register any significant price change, remaining rangebound. Its recent candle continues this trend. It is unsurprising, as this is the traditional trend on Friday.

The previous price action hints at a higher chance of the price consolidation continuing. However, the moving average convergence divergence prints buy signals amid the unfolding trend. It displayed a bullish crossover at the time of writing.

If readings from the indicator hold, ADA will experience further increases, like ETH. It may break above its recent sell wall and edge closer to $0.84.

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