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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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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 consolidates as ETF inflows, rising derivatives interest offset selling pressure

XRP consolidates as ETF inflows, rising derivatives interest offset selling pressure

Ripple (XRP) faces sustained selling pressure as bears maintain control on Monday. The remittance token has struggled to break above the $1.10 resistance since last Thursday, as risk sentiment weighs. Demand for XRP derivatives has gradually increased since last week, with the perpetual futures Open Interest (OI) averaging 2.4 billion XRP on Monday, up from 2.13 billion XRP the previous day.
Bitcoin Price Forecast: BTC remains below key 50-day EMA as headwinds from escalating US-Iran conflict offset ETF inflows

Bitcoin Price Forecast: BTC remains below key 50-day EMA as headwinds from escalating US-Iran conflict offset ETF inflows

Bitcoin (BTC) trades just below its 50-day Exponential Moving Average (EMA) near $65,000 on Monday, a key technical level that could determine its next directional move. Institutional demand via ETFs improved somewhat last week, providing some tailwind for the Crypto King, but the latest round of strikes between the US and Iran has dampened risk appetite.
Crypto Today: Bitcoin, Ethereum, XRP slip as US-Iran escalating hostilities pressure risk assets

Crypto Today: Bitcoin, Ethereum, XRP slip as US-Iran escalating hostilities pressure risk assets

Cryptocurrency prices remain under pressure on Monday, as Bitcoin (BTC) falls toward $64,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), uphold a weakening technical structure. ETH is trading sideways between support at $1,826 and resistance at $1,937. Meanwhile, XRP hovers below the pivotal $1.10 level, edging lower toward the primary $1.00 support.
Solana Price Forecast: SOL risks further decline amid weak institutional, retail demand

Solana Price Forecast: SOL risks further decline amid weak institutional, retail demand

Solana (SOL) price edges lower on Monday, maintaining a corrective tone from early July. Institutional demand remains muted, with two consecutive weeks of inflows under $1 million, while declining Open Interest and the funding rate point to bearish retail interest, even as trading volume rises by over 70% in 24 hours.
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.