Cryptocurrencies Price Prediction: Polkadot, Solana & Ethereum — Asian Wrap 23 October – FXStreet


FXStreet Team FXStreet Team

Polkadot (DOT) price has been producing lower lows for nearly three months and shows no signs of breaking out. But as DOT trades around the $4 psychological level, investors should note that the possibility of a volatile move. 
DOT/USDT 1-day chart
Solana (SOL) price suffered a major setback after the FTX exchange filed for bankruptcy. But SOL’s comeback is nothing short of a miracle, considering its year-to-date returns of 195% overshadow that of Bitcoin and Ethereum. 
SOL/ETH 1-day chart
Ethereum (ETH) price breached its multi-month consolidation, favoring the bears. This breakout has caused panic among investors, and if the outlook does not improve for ETH, more downside is likely. While the weekend price action has given bulls some hope, ETH needs to overcome two key resistance levels before investors can breath a sigh of relief. 
ETH/USDT 4-hour chart

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Bitcoin price continues with its bullish bias, steadily edging north past crucial barriers. Meanwhile, investors discuss the spot BTC ETF, determining why the US SEC continues to delay the decision.  
Chainlink price observed a massive rally in the past few days, which brought profits to a significant chunk of LINK holders. However, the altcoin seems to have found its top around the $10 mark, as LINK is most likely preparing for a major crash soon.
Solana (SOL) price continues to maintain its gains as the bears remain in the cage. The purported Ethereum-killer (ETH) joined Bitcoin (BTC) price in the uptrend that began around October 13 to test the stiff resistance at $30.24.
Bitcoin has been the center of attention for weeks now as the dispute between the Securities & Exchange Commission (SEC) and the spot BTC ETF applicants continues. However, one significant candidate, Grayscale, is noting substantial support from the US court system, which is pushing the SEC to approve their ETF.
Bitcoin (BTC) price produced a lower low on August 28 on the weekly time frame. This move came after a sustained uptrend throughout 2023, which yielded 91.50% year-to-date returns. While some investors question the uptrend, others remain bullish. Only a small majority remains uncertain and are waiting for confirmation regardless of which side wins. 
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