Cryptocurrencies Price Prediction: Chainlink, AVAX & Ethereum – American Wrap 16 March

FXStreet Team FXStreet

Chainlink price holding good cards for a push higher with 13% of profit nearby

Chainlink (LINK) price has had a rough trading session after bulls could not push the price action above the 55-day and the 200-day Simple Moving Averages (SMA). With a few rejections, LINK bears had a free run to push price action into the ground. Nonetheless, stubborn bulls have been defending the green ascending trendline for March and it could prove to be a success in the short run.

This is why AVAX price is looking at a 25% rise despite crashing below $16

AVAX price followed the broader market’s lead, as the altcoin posted a red candle on the chart on Wednesday. The extremely high volatility in the crypto market is the result of the ongoing banking crisis in the United States as well as the rally noted by the market following the release of the Consumer Price Index (CPI) on Tuesday.

Ethereum layer-2 Arbitrum’s most awaited airdrop of 2023 is expected on March 23

Arbitrum, one of the largest Ethereum layer-2 scaling solutions, has announced its airdrop scheduled for March 23. The Arbitrum Foundation said that ARB will be airdropped to community members and DAOs. ARB holders will vote on key governance decisions on the Arbitrum network.

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FXStreet Team

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