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

Predicting the Price of ConstitutionDAO in 2024 | CCN.com

ConstitutionDAO Price Predictions and Analysis ConstitutionDAO's PEOPLE token has been making waves in the...

As US-Saudi Petrodollar Deal Comes to an End, What Role Will Bitcoin Play in Price Prediction?

Heading: Analysis of the Impact of the US-Saudi Petrodollar Agreement Termination on Bitcoin's...

Bitcoin: Big Investors Making Moves – Predicting the Future of BTC

Bitcoin Whales Accumulate BTC as Holder Profitability Grows and Miner Revenue Declines Bitcoin whales...

Is This Shiba Inu-Inspired Multi-Chain Meme Coin Close to Reaching $700k Presale Milestone? Keep an Eye on This Potential New Multi-Chain Crypto Trend.

Exploring the Potential of Base Dawgz: A Multi-Chain Meme Coin with Sky-High Ambitions Introducing...

More like this

Predicting the Price of ConstitutionDAO in 2024 | CCN.com

ConstitutionDAO Price Predictions and Analysis ConstitutionDAO's PEOPLE token has been making waves in the...

As US-Saudi Petrodollar Deal Comes to an End, What Role Will Bitcoin Play in Price Prediction?

Heading: Analysis of the Impact of the US-Saudi Petrodollar Agreement Termination on Bitcoin's...

Bitcoin: Big Investors Making Moves – Predicting the Future of BTC

Bitcoin Whales Accumulate BTC as Holder Profitability Grows and Miner Revenue Declines Bitcoin whales...
bitcoin
Bitcoin (BTC) $ 110,803.69
ethereum
Ethereum (ETH) $ 3,938.83
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,110.14
xrp
XRP (XRP) $ 2.50
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,937.31
dogecoin
Dogecoin (DOGE) $ 0.197555
tron
TRON (TRX) $ 0.304992
cardano
Cardano (ADA) $ 0.656367