Cryptocurrency Price Prediction: ETH, BTC, Cardano, 18h Jan 2023

The popularity of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman Sachs. In April 2021, Coinbase became the first big cryptocurrency business to go public, and in October that year, the first U.S. exchange-traded fund with a concentration on Bitcoin debuted.

The most well-known cryptocurrency, Bitcoin, had a prosperous year. The value of the digital currency has surged by about 70% since the start of 2021, pushing the entire market value of cryptocurrencies past $2 trillion.

The value of the majority of the major coins has increased significantly this year, which has been fantastic for the cryptocurrency market. Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), among other digital currencies, are all doing well.

Investors can anticipate a fantastic trip if the history of cryptocurrencies is any indication of the future. The following are some crucial bitcoin projections for 2023:

Ethereum Price Prediction

The key support level for Ethereum’s price, which has been rising recently, is $1,500. Daily candles that close above $1,500 expose the price to the next resistance zone of $1,660.

Ethereum, like Bitcoin, has broken out of the symmetrical triangle pattern to the upside and formed a “three white soldiers” and a bullish engulfing candle. These technical indicators are all indicating a very bullish investor sentiment.

Bitcoin Price Prediction

The price of Bitcoin increased to $21,150 on Monday. A bullish breakout of its immediate resistance at $21,350 could drive the price as high as $22,850.

Furthermore, near the $24,500 mark, Bitcoin might run into more resistance. The appearance of “three white soldiers” signals the potential continuation of an upward trend. Near the levels of $21,000 or $20,500, Bitcoin may find immediate support on the downside.

When the double top resistance level of $21,350 is broken today, look for a buying opportunity because the RSI and MACD indicators are also pointing in a bullish direction.

Cardano Price Prediction

Dealers in cryptocurrencies continue to argue over the price of Cardano, the digital token for smart contracts, as its value has increased significantly since the beginning of 2023.

By January 12, investors in ADA had received a 35% return. The unfortunate perception that the ADA currency has reached its macro bottom has been caused by the current relief rally.

After five days of excellent trading, Cardano is currently bidding at $0.3287. Bulls can now benefit from the liquidity above December’s monthly high of $0.3290 because the trend’s slope is almost vertical.

The Relative Strength Index, a tool for evaluating the potential of moving markets, provides encouraging indicators despite the current surge.

The optimistic theory was supported by the volume indicator, which increased by more than three times to $400,000 from the winter’s average of $200,000.

At some point, there will undoubtedly be a market correction. Future red days will likely be marked by an increase in volume and the RSI landing zone near the midpoint, so traders should keep an eye out for these signs.

The psychological $0.4000 price level and liquidity above $0.3700, which would represent increases of up to 21% from Cardano’s current market value, would be bullish targets.

The first sign of a trend change would be a break below the most recent ascending trendline. Currently trading around $0.2800, the critical level may rise if Cardano’s price stays high and in line with the trend.

The $0.2440 bottom in 2022 might not happen if the trend breaks because the lows might be tested again.

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Cryptocurrency Price Prediction: ETH, BTC, Cardano, 17th Jan 2023

The popularity of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman Sachs....