Chainlink outperforms while broader markets route, LINK targets a return to $35
Chainlink price action continues to outshine all other major cryptocurrencies. With Bitcoin, Ethereum, and other major market cap cryptocurrencies suffering intraday losses over 5 to 6%, Chainlink has been the single outlier with bullish momentum.
Axie Infinity could drop a further 36% if AXS fails to hold $70
Axie Infinity price continues to drift lower as profit-taking continues within the metaverse and gaming token space. Additionally, broader cryptocurrency market fears, uncertainties, and doubts weigh in on near-term price action. Upside potential remains but is likely limited.
Polkadot Price Prediction: DOT can hit $125 if it can close above this price level
Polkadot price has been in the unfortunate position of being stuck inside the Ichimoku Cloud. The Cloud represents indecision, volatility, misery, whipsaws, and pain. It is the place where trading accounts blow up. However, a successful move out and above the Cloud would generate extremely bullish trading conditions.
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Bitcoin falls below $92,000 as exchanges show overheating conditions
Bitcoin (BTC) continues its ongoing correction, falling below $92,000 on Monday after declining almost 4% last week. CryptoQuant data shows that BTC is overheating in exchanges and suggests further decline ahead.
Top altcoins Solana and Cardano show bearish signs in momentum indicators
Solana’s price extends its decline on Monday after falling more than 11% in the previous week. Cardano’s price trades in red on Monday after correcting over 11% last week.
Ondo Price Forecast: 20% ONDO unlock on January 18
Ondo price continues to edge down, trading around $1.16 on Monday after declining more than 21% in the previous week. Ondo Foundation tweeted that there will be a 20% ONDO unlock on January 18, leading to 134% of the current circulating supply.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC and ETH show weakness while XRP remains strong
Bitcoin and Ethereum prices continue to trade in red on Monday after declining more than 3% and 10% in the previous week. However, Ripple remains strong and breaks above its upper symmetrical triangle boundary, suggesting a rally ahead.
Bitcoin: Room for a recovery or continuation of the pullback?
Bitcoin’s price slightly recovers and trades around $94,700 on Friday after declining nearly 6% earlier this week. US Bitcoin spot Exchange Traded Funds data shows signs of mild recovery, with a total net inflow of $462.2 million until Thursday.
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