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Weekly Crypto Price Prediction- Bitcoin, Ethereum, Cardano and Polkadot

Let’s Jumpstart the Crypto Price Prediction with Highest Returning Asset of the Era, Bitcoin.

BITCOIN Technical Analysis (BTC/USD)

Bitcoin, the largest cryptocurrency, started its September run on a very positive note. The first week was fairly green as the asset took flight, touching almost $52,900 on September 7, following it took a correction of almost 20%. History tends to repeat itself and just like last year, September brought the historical negative returns to Bitcoin.

On 24th September, Bitcoin and several other cryptocurrencies trembled after an announcement from China’s central bank that all crypto-related transactions are illegal in the country.

Bitcoin dropped to $41,000 after reaching $45,000 because china decided to ban bitcoin 100th time in 5 years. As always, this was all just FUD. This was just market manipulation to enforce panic selling.

Following a broadly bearish session on Friday, it’s been a bullish morning for Bitcoin and the broader market.

BTC price fell a little bit below the 200-day Exponential Moving Average, an unsuccessful attempt by sellers to make $40,000 back to resistance. BTC price bounces back from the $40,000 support level and 200-day Exponential Moving average indicating the bullish signal to the market.

At the time of writing, BTC is trading around $43,700.

It is trying to climb through the 38.2% FIB of $44,000 to revisit $45,000 levels maybe by the end of this week. On the other side; a fall through the $42,651 pivot would bring the 0.5 FIB of $41,592 and; the first major support level at $41,339 into play. 

Let’s see in whose favour the market turns out, Bulls or Bears.

Bitcoin Price Prediction September first Week BuyUcoin

ETHEREUM Technical Analysis (ETH/USD)

Ethereum price faces the same attack as the broader market with the news coming from China that; officially made all cryptocurrency transactions illegal. The market was positioned perfectly for bearish news to give sellers more control.

On Sunday, 26th September, Ethereum’s price rebounded off the 100-day SMA ($2,734) and rose above the breakdown level at $3,000. This shows that bulls bought the dip and tried to trap the aggressive bears.

ETH price is also rising because of the strong rebound of the Defi industry. The total value locked in Ethereum’s Defi ecosystem rose to more than $126 billion, according to Defi Llama. This was a substantial increase from Friday’s low of $114 billion. 

Ether gains also followed a bullish report from JPMorgan Chase. The study noted that institutional investors have started increasing their exposure in the Ethereum ecosystem. A JP Morgan analyst reported that institutional investors are favoring ETH over BTC.

Ethereum is trading around $3,000, In the event of a broad-based crypto rally; Ethereum could test resistance at the 23.6% FIB of $3,450 before any pullback. The second major resistance level sits at $4,000.

ETH is currently trading at $2910 at the time of writing. Ethereum price is currently moving above the 200- day and 100-day Exponential moving average. A break and close above the 20-day EMA will be the first sign of strength. The pair could then rise to $3,600.

We are seeing all big-money players who know crypto realize that crypto is in great shape; so it is not the time to get worried it’s time to accumulating and getting more.

Ethereum Price Prediction September first Week BuyUcoin

CARDANO Technical Analysis (ADA/USD)

Cardano became the 3rd largest Cryptocurrency after Bitcoin and Ethereum. It has seen a massive development in recent times. The market cap of Cardano is over $72 billion.

Cardano has great potential to surpass other cryptocurrencies including Ethereum but still, it is in starting phase.

During the Cardano Summit 2021, A new price-optimized stablecoin platform; COTI is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees.

The new stablecoin will be based on an algorithmic design using smart contracts to ensure price stability; and providing an instrument for DeFi transactions. The stablecoin is designed for paying transaction fees on the Cardano network to avoid “volatile and unreasonable gas fees” and; make transaction costs “more predictable.”

During the Cardano Summit 2021; Input Output Hong Kong (IOHK), the development company behind Cardano; has announced that the blockchain would be partnering with Chainlink to integrate its oracles to support developers.

Cardano also revealed that; it has entered into a deal with Dish Network to provide digital identity services to the customers of the TV and wireless service provider. Speaking at the summit; IOHK founder Charles Hoskinson stated that the partnership would boost the adoption of Cardano while benefitting Dish’s users.

After rising to as high as $2.46 earlier Saturday; the price of Cardano’s ADA token was down 0.42% over the last 24 hours at $2.28. Cardano’s price has shed roughly 15% over the past Fifteen days as it retests the $2.22 (0.382 fibonacci).

On 6th September, it has broken the parallel channel and descends by 11%. On 22 September ADA prices bounce from the 100-day Exponential moving average. At the time of writing ADA is trading around $2.20 and above the 100-day and 200-day Exponential moving average.

On the other hand; if Cardano’s price fails to improve over $2.22; it will indicate dizziness among buyers and increased selling pressure and begin a move to $1.99.

If ADA produces a lower low below this barrier or $1.848; it will invalidate the bullish thesis and suggest a shift in trend favouring the bears.

Hope for better crypto Prie Prediction in the bull market. Stay Tuned and also read Polkadaot Price Prediction.

Cardano Price Prediction September first Week BuyUcoin

POLKADOT Technical Analysis (DOT/USD)

DOT Token is the eighth largest cryptocurrency by market cap.

Polkadot is at its peak lately in terms of developments. DOT is one of the top 10 cryptocurrencies, with a market capitalization of almost $27.10 billion. Hence, this makes DOT one of the most potentially profitable crypto today.

Polkadot is an open-source sharding multichain protocol; which allows the cross-chain transfer of any data or asset type making a number of blockchains interoperable with each other.

Polkadot is the most robust platform for security, scalability, and innovation. Having launched the genesis block of its Relay Chain in May 2020; Polkadot is now on track to launch several parachains in 2021. Polkadot will enable a completely decentralized web where users are in control. 

Now that we are clear about DOT, do you think DOT will be beneficial crypto in 2021? Let us see the charts in this DOT price analysis and DOT price prediction.

The crypto market sentiments still remain undetermined after the wake of the China announcement. DOT is currently trading around $27.35. DOT is down about 21% on a weekly basis…. Should we buy this dip???

DOT was moving in ascending parallel channel since July; but after the bear attack, DOT managed to break out from the ascending channel (shown in blue). Even though it tried to recover from the downfall on september 22nd and 23rd it climbed upwards; but then the China crypto announcement came into play due to which the crypto market went down. 

But to be precise It was just a market manipulation.  Anyhow market is still trying to recover from the bear attack. 

DOT buyers first need to crack the immediate resistance at $29 and 50-day EMA to turn red into green. On the other side, DOT has its support at $26.13. If bears still remain in the majority, $26.13 support will cushion it. 

The Relative Strength Index is below the 50 mid-line indicating the oversold state. 

Polkadot has great fundamentals. Buyers have a great opportunity considering DOT has the ability to surpass other cryptocurrencies including Ethereum but; still is in the starting phase of their lifecycle.

Polkadot Price Prediction September first Week BuyUcoin

Weekly Crypto Price Prediction- Cardano, Bitcoin and Ethereum

Stay tuned for Daily and Weekly Crypto Price Predictions to Get most out of your research for investment. Check charts and indicators for better results.

*Note: Crypto Price Prediction is done on Market and technical Analysis basis. Market Price depends on the volatility, there can be mild fluctuation in price predicted and achieved. Trade carefully and Research more before investing.

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