HomeCrypto UpdatesPredictions for Cryptocurrency Prices: Tezos, Hedera Hashgraph, IOTA

Predictions for Cryptocurrency Prices: Tezos, Hedera Hashgraph, IOTA

Published on


Cryptocurrency Prices Recover Briefly on Hopes of SEC Approval for Ethereum ETF: Tezos, Hedera Hashgraph, and IOTA Forecast

Cryptocurrency prices experienced a rollercoaster ride this week, with Bitcoin surging to over $72,000 and Ethereum nearing $4,000 on hopes of an SEC approval for a spot Ethereum ETF. However, the bull run was short-lived as the Federal Reserve’s hawkish minutes dampened market sentiment.

As investors navigate through the volatile crypto market, here’s a forecast for some of the top cryptocurrencies:

Tezos (XTZ):
Tezos, one of the older players in the blockchain industry, has struggled to attract users despite high-profile partnerships with companies like Manchester United and RedBull Racing. The NFT volume on the network has dropped, reflecting a lack of demand in the industry. The Tezos price has plummeted from its year-to-date high of $1.6 to below $1, forming a bearish outlook with the next support level at $0.859.

Hedera Hashgraph (HBAR):
Hedera Hashgraph price peaked in April but has since retreated to $0.011, signaling a lackluster performance in the network’s ecosystem. Despite remaining slightly above key moving averages, the HBAR token faces a neutral outlook with support and resistance levels at $0.10 and $0.1235.

IOTA:
IOTA token price has been under pressure amid concerns about ecosystem growth, with the recently launched Shimmer EVM network struggling to gain traction. The token has formed a death cross pattern on the daily chart and remains below the 50% Fibonacci retracement level. While finding support at $0.002, the IOTA token’s bearish outlook will be confirmed if it drops below $0.20, targeting the key level at $0.1500.

As the crypto market continues to face challenges, investors are advised to closely monitor these key levels and indicators to make informed decisions in their trading strategies.

Latest articles

VanEck predicts Ethereum price to reach $22K by 2030 following expected ETF approval

VanEck Predicts Ethereum Price Target of $22,000 by 2030 VanEck Predicts Ether (ETH) to...

Comparison of $41.9M Presale with SEI and Grayscale

Investment Opportunities in BlockDAG: Sei and Near Protocol Tokens on the Rise BlockDAG Emerges...

Floki Inu (FLOKI) Surges 15% to Hit Record High, Following BNB’s Upward Trend

Floki Inu (FLOKI) Achieves All-Time High Amidst Binance Coin's Upward Trajectory Floki Inu (FLOKI),...

Mastering Morse Code: A Daily Guide to Winning a Million Free Coins in the Telegram Game ‘Hamster Kombat’

Unveiling the Daily Cipher in Hamster Kombat: How to Earn a Million Free...

More like this

VanEck predicts Ethereum price to reach $22K by 2030 following expected ETF approval

VanEck Predicts Ethereum Price Target of $22,000 by 2030 VanEck Predicts Ether (ETH) to...

Comparison of $41.9M Presale with SEI and Grayscale

Investment Opportunities in BlockDAG: Sei and Near Protocol Tokens on the Rise BlockDAG Emerges...

Floki Inu (FLOKI) Surges 15% to Hit Record High, Following BNB’s Upward Trend

Floki Inu (FLOKI) Achieves All-Time High Amidst Binance Coin's Upward Trajectory Floki Inu (FLOKI),...
bitcoin
Bitcoin (BTC) $ 120,087.17
ethereum
Ethereum (ETH) $ 4,479.63
xrp
XRP (XRP) $ 3.01
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,088.59
solana
Solana (SOL) $ 231.31
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.257519
staked-ether
Lido Staked Ether (STETH) $ 4,476.56
tron
TRON (TRX) $ 0.342892