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Cryptocurrencies Price Prediction: Bitcoin & Stellar Lumens $ Chain Link – Asian Wrap 17 Mar

Cryptocurrencies Price Prediction: Bitcoin & Stellar Lumens $ Chain Link – Asian Wrap 17 Mar
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC recovery has legs to retake $58,000

BTC/USD bulls catch a breather around $56,300 during the early Wednesday after the previous day’s stellar recovery from 21-day EMA and an ascending trend line from February 28. In doing so, the cryptocurrency major snapped the two-day losing streak while keeping the buyers hopeful amid upbeat RSI and MACD signals.

XLM Price Prediction: Stellar sets perfect conditions for a 60% rally

XLM price advance from mid-November 2020 to the February 13 high of $0.6083 was framed by three impulsive waves of 200%, 270%, and 170%, yielding an overall gain of 670%. Another bullish impulse of this nature could see Stellar rise to new yearly highs. 

Chainlink Price Forecast: LINK is at risk of a 24% correction

Chainlink price has had a difficult time trying to slice through the $31.50 resistance barrier over the past month. But the most recent rejection could have serious ramifications. The $25.70 support is critical for the bullish thesis in the short-term.

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Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash , MYX Finance, and Dash are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

XRP slides amid record on-chain activity, mixed technical signals

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual DEX had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.