VeChain And UniSwap New Predictions Are Out
There are all kinds of optimistic predictions about the prices of cryptos these days. Check out the latest ones below, which are floating around UniSwap and VeChain. Justin Bennett is predicting new all-time highs as he...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
There are all kinds of optimistic predictions about the prices of cryptos these days. Check out the latest ones below, which are floating around UniSwap and VeChain.
Justin Bennett is predicting new all-time highs as he provides the outlook for some critical digital assets.
Bitcoin and Ethereum price predictionsIn a newsletter, the crypto analyst said that if Bitcoin (BTC) replicates the 2017 price action, it could hit $80,000 sometime in November.
“…if Bitcoin continues following its 2017 fractal, we should see prices reach $80,000 or more later this month.”
On the other hand, he said that if BTC loses support at $60,000, it could fall by between 3% and 9% from that key psychological level.
“…$60,000 is critical support; it has been for the last few weeks. Below that is $58,000 and $55,000.”
At the moment of writing this article, BTC is trading in the red, and the king coin is trading at $61,765.
Regarding Ethereum, Bennett says it could surge by up to 350% from current levels.
“If we assume the last few months is a massive cup and handle pattern, the measured objective is between $6,000 and $6,500. But as I’ve stated for a few weeks now, a cycle peak in January puts the price of ETH somewhere between $15,000 and $20,000, in my opinion.”
VeChain and UniSwap predictionsAbout VeChain, the analyst has the following words to say:
“…VET/USDT needs to get above the $0.15-$0.16 region to open up $0.19. Above that are the all-time highs near $0.28. My guess is that we’ll continue to see some sideways consolidation here before the next leg up. That’s especially true if Bitcoin follows the 2017 fractal this month.”
He also offers his opinion about UniSwap.
He said that UniSwap needs to convert the $27.60 resistance level into a support level before it can surge higher.
“…there’s also a horizontal level at $27.60 that UNI needs to clear on a daily closing basis to flip to support. Above $27.60 is $36 and $44.”
Stay tuned for more news.
The post VeChain And UniSwap New Predictions Are Out first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...
Ethereum (ETH) Price Prediction: ETH Eyes Recovery From $2,600 as $2,666-$2,689 Becomes Resistance
Ethereum price is holding around $2,618 as buyers attempt to preserve the latest recovery, but the market is approaching a decisiv...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...
Ethereum Price Prediction: Layer-2 Trouble Deepens as Another Network Shuts Down
Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately con...
Bitcoin Holds Below $84,000 Cost-Basis Level as Only Nine of 125 Top Tokens Rise
Bitcoin fell through $84,000 in two legs, the first in the Asia session and the second at the U.S. open, and has not reclaimed it....
XRP Whales Dominate Exchange Outflows as Bitcoin Shorts Rise on Hyperliquid
The contrasting flows highlight a market where some large investors are moving XRP away from exchanges even as leveraged traders p...