Crypto Bulls Charge: Bitcoin, Ethereum, and Sky Poised for Breakouts – Asia Market Watch

Asian traders brace for volatility as Bitcoin flirts with key resistance levels—while Ethereum and dark horse Sky hint at explosive moves.

No crystal balls here, but the charts scream opportunity. Meanwhile, traditional finance bros still can't decide if crypto is a 'fraud' or their next bonus check.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP show signs of recovery

Bitcoin price declined and closed below its daily level of $106,406 last week. However, it recovered slightly during the weekend and also on Monday. BTC faced resistance again around the $106,406 level the next day. At the time of writing on Wednesday, it recovers slightly, approaching this resistance level. If BTC recovers and closes above $106,406, it could extend the rally toward its all-time high of $111,980.

SKY, QNT, and FET soar, overlooking risk-off sentiment in crypto market

Sky (SKY) is trading at $0.080, experiencing a surge of over 3% as of the time of writing on Wednesday. The RWA token prints its fifth consecutive bullish candle on the daily chart as it bounces off a local support trendline (formed by connecting lows of February 10, March 12, and April 22). The Moving Average Convergence/Divergence (MACD) indicator triggers a buy signal as the blue MACD line crosses above the red signal. Alongside the increasing volumes, a green histogram bar resurfaces, supporting the bullish outlook.

Ethereum Price Forecast: ETH faces resistance at $2,750 following Protocol launch

Ethereum (ETH) traded around $2,600 on Tuesday after announcing the launch of Protocol, a project aimed at scaling its Layer 1, expanding Blobspace, and improving the user experience (UX). The ethereum Foundation announced it would be restructuring and rebranding its Protocol Research & Development team to "Protocol."