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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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Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.