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Cryptocurrencies Price Prediction: Bitcoin, Zilliqa & Binance Coin — Asian Wrap 10 May – FXStreet

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Bitcoin price steep decline spells for a capitulation event underway. More price decline is likely to occur, but traders should consider the bullish macro thesis event until $28,799 is broken. The Bitcoin price decline has analysts deeming the cryptocurrency market a bear market. 
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Zilliqa price is coming off a deep pullback from the massive 500% rally in March. Last week’s weekly candlestick showed a historically bullish reversal pattern, but follow-through is necessary to confirm that pattern. Zilliqa price, like the rest of the cryptocurrency market, is facing a continued sell-off. 
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Binance coin price is likely to continue falling in the short term before the anticipated market bounce occurs. $250 is a probable target. Binance coin price had produced a ramping 1-2 pattern before a bearish engulfing candle displayed on the 3-day chart. 
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ApeCoin exhibits full bearish control. A drop towards the $5.00 target is a high probability occurrence in the near future. ApeCoin price is still following the macro technicals forecasting a $2.00 target. Invalidation of the bearish thesis is a breach above $13.50.
Binance Coin price could be setting up for a plummet back to $217. Binance Coin price has breached the ascending parallel channel to start this Friday's trading session. This week, it was mentioned that the future for BNB price was highly dependent on the directional breakout from the channel.  
Safemoon price has displayed impressive strength within the crypto market. There is no evidence at the current time suggesting an end to the current uptrend move. Safemoon price continues to follow the technicals predicted two weeks ago.
ADA price is losing bearish momentum. Cardano price is preparing for a retest of $0.80. Still, jumping in early might be too risky. Traders should wait for confirmation signals. Cardano price is on intraday traders’ radar as the digital asset could be setting up for a large rally into $0.80.
Bitcoin is showing bullish signs in the lower time frames, which can be taken advantage of by traders in the next couple of days. But looking at BTC from the higher time frames suggests that the bottom is not in yet.
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