Top 3 Price Prediction Bitcoin, Ethereum, XRP: Cryptos struggle to hold holiday gains
Bitcoin price action forms a bull flag on its Point and Figure chart, indicating a return to the $60,000 value area. Ethereum price faces consistent rejection against key Ichimoku resistance levels, preventing any close above the $4,000 value area. XRP price continues to find difficulty holding above two key Ichimoku levels.
Cardano (ADA) price has been on the right track these past few days, with a technical rally that saw bulls rejected by the 55-day Simple Moving Average (SMA) at $1.63, just a few ticks shy of the $1.68 significant historical level. ADA price gaps were lower this morning and looked to be pairing back most of the built-up gains from last week in search of support. Expect price action to dip further with support at $1.37 or $1.20.
$300 million in futures liquidated within hours of crypto market crash on Binance and FTX
The crypto market crash on Monday triggered cascading liquidations in futures across derivatives exchanges. Assets with the highest market capitalization were hit the hardest in the bloodbath.
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