Price prediction of 4 cryptocurrencies – Ethereum,, Algorand and Bitcoin

  • Bitcoin price needs to form a base before attempting a rally to $50,000.
  • Ethereum price is showing strength as it bounces off the support cluster at around $3,000. Price May Recover As Bulls Target $0.46 price could rally 10% to $0.46 if the technical data is correct. price has been a fun chart to trade between analysts and professional traders. Last month, a 20% rally was captured, followed by a clear sell signal at $0.50 which was also documented.

Here are the bullish signals that the Algorand price displays

Algorand’s price may seem Too good to be true for most traders, as price is about to invalidate last week’s bullish trade setup. Speculation alone will never pay the bills, and the ALGO price is worth taking the risk. Algorand’s price is causing analysts to go all-in as the digital token looks very promising.

Why the price of Bitcoin will turn around at $44,000

Bitcoin price may be showing the first signs of an ongoing countertrend rally. Risk-loving traders may want to get involved. Bitcoin price is always an entertaining asset to watch. It was mentioned earlier this week that the Bitcoin price would fall to $39,000, but to ask for anything more would be a request filled with greed.

Ethereum price restarts its uptrend

Ethereum price has stabilized above the support cluster which ranges from $2,800 to $3,000. This area contains a demand area and one bullish crossover simple moving averages (SMA) over 50 and 100 days.

ETH is already bouncing off this cluster and targeting the 200-day SMA at $3,492 and the low-volume node at $3,703. But in a very bullish case, the price Ethereum could hit the next high volume node at $4,040. High volume nodes are levels where lots of buying and selling have taken place in the past and therefore provide support and resistance.

A quick move below the lower boundary of confluence support at $2,820 will create a lower low and will invalidate the bullish thesis. In such a case, ETH might retest the next high volume node present down to $2,584.

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