Cryptocurrency Market Update: Monero Surges, Bitcoin and Ethereum Hold Steady – Asian Session Wrap (28 April) | DailyForex.pk

Stay updated with the latest cryptocurrency price movements with DailyForex.pk. Here’s a quick overview of Monero (XMR), Bitcoin (BTC), and Ethereum (ETH) during the Asian trading hours on 28 April.

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Monero (XMR) Price Forecast: Privacy Coin Demand Fuels 19% Surge

Monero (XMR) price is skyrocketing, up over 19% on Monday, extending its bullish momentum after a 9.33% rally last week. Rising demand for privacy-focused cryptocurrencies is driving this breakout, with XMR’s open interest hitting its highest level since December 2020, based on on-chain data.

The technical analysis on DailyForex.pk suggests that Monero has broken out of critical resistance levels, setting the stage for a continuation toward the next major price target of $345. As privacy concerns grow globally, Monero’s bullish trend could remain intact in the near term.

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Bitcoin (BTC) and Ethereum (ETH) Price Prediction: Stability Dominates as Bulls Consolidate

Bitcoin (BTC) price rallied sharply last week, breaching the critical 200-day Exponential Moving Average (EMA) at $85,000 and gaining 11.14% until Friday. However, BTC struggled to clear the $95,000 resistance zone from March and has since stabilized around $93,500 during Monday’s Asian session.

Meanwhile, Ethereum (ETH) price remains resilient after reclaiming the $1,800 level over the weekend. The move follows strong positive sentiment fueled by U.S. spot Ethereum ETFs, which posted their first weekly inflows since February.

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Ethereum (ETH) Price Outlook: ETF Inflows Signal Renewed Investor Confidence

Ethereum ETFs recorded $104.1 million in daily net inflows last Friday, according to SoSoValue data. This contributed to a weekly net inflow of $157.1 million, marking the highest investor interest in Ether-related products since early February.

The renewed buying activity in Ethereum spot ETFs underlines growing institutional confidence in ETH, with DailyForex.pk analysts forecasting a potential retest of the $2,000 psychological level if momentum continues.

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Final Thoughts

At DailyForex.pk, we see Monero’s rally highlighting increased interest in privacy coins, while Bitcoin and Ethereum continue to consolidate with a bullish undertone. Traders should watch key resistance and support levels closely, especially with major macroeconomic events and ETF developments influencing crypto markets.

Stay tuned to www.dailyforex.pk for real-time updates, expert price forecasts, and detailed technical analysis for all major cryptocurrencies!