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

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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FXStreet Team

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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XRP defends $1.30 support as Ripple partners with Arf to bring RLUSD settlement liquidity to XRPL

Ripple holds near recently confirmed support at $1.30 on Friday, as bulls eye a short-term recovery toward $1.40. The remittance token’s upside remains capped by structural levels, suggesting recovery would depend on whether buyers can sustain momentum.

Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot ETFs recording $442.67 million in net inflows through Thursday.

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

Pi Network holds modest gains as mixed technicals curb upside

Pi Network (PI) price is up 2% on Friday, showing signs of recovery while the broader cryptocurrency market faces near-term weakness. The crypto market sentiment eases to neutral from bullish amid rising long liquidations.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.