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Cryptocurrencies Price Prediction: AVAX, Chainlink & Ethereum – American Wrap 11 May

AVAX price nears March lows following Bitcoin's lead as Cortina upgrade hype dissipates

AVAX price, similar to all the other altcoins in the crypto market, is bound by the broader market cues, which have been rather bearish this month. Nearly halfway through the second quarter, the cryptocurrency has wiped out most of the growth it noted in the last four months. Plus, the lack of investors' support seems to be making it harder to mark a recovery.
AVAX/USD 1-day chart
Sam Altman, the CEO of an American Artificial Intelligence Research Laboratory (OpenAI), launched an encryption startup Worldcoin. One of the key products of Worldcoin is a cryptocurrency wallet, known as the World App. 
OP/USD one-day price chart
Chainlink (LINK) price is acting a bit like an unstable stock at the moment with wild, violent swings and a big pickup in volatility moving in either direction. Bulls wanting to enter the price action must know that a quick 5% higher or lower swing could be just around the corner. With the drop in liquidity, expect these nervous jumps to continue until bulls finally enter to stabilize price action.
LINK/USD  4H-chart    
 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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 Top 3 Price Prediction: BTC consolidates gains, ETH defends support, XRP nears breakout trigger

Bitcoin, Ethereum and Ripple begin the week on a constructive note as the top three cryptocurrencies attempt to extend rebounds after recovering nearly 4%, 2% and 2.6%, respectively. BTC steadies around $65,600, ETH continues to hold firmly above the key $1,700 support, while XRP nears the upper boundary of the falling channel pattern.

Ethereum Price Forecast: ETH struggles below $1,700 amid subdued on-chain users and capital outflows

Ethereum rises, albeit gradually, toward $1,700. The smart contract token reflects a marginal increase in buyers seeking to re-engage at lower price levels, following the massive drawdown from mid-May, which was largely driven by geopolitical tensions in the Middle East and macroeconomic uncertainty.

XRP clings to support as derivatives interest cools

Ripple hangs on to $1.14 support, extending its rebound from its early-week support at $1.10 and June’s low of $1.05. Maintaining this short-term support level is vital for the remittance token to preserve its bullish momentum, with a decisive breakout above $1.20 likely to signal further upside potential.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows
The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside. Ethereum eyes a breakout past $1,700, while XRP hovers above $1.40.
Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.