Cryptocurrencies Price Prediction: Chainlink, Bitcoin & Polygon — Asian Wrap 27 February

FXStreet Team FXStreet

Chainlink price prediction: Here's why LINK is gearing up for a 10% price rally

Chainlink (LINK) price is in a short-term uptrend, the asset is close to a key resistance level at $7.41. Although LINK has flipped this hurdle into a support floor previously, investors are awaiting a climb above key resistance to confirm the continuation of the uptrend.

Here’s why Bitcoin miners are bullish and what it means for BTC

Bitcoin miners are engaged in an arms race in computing power. The recent recalculation increased BTC mining difficulty by 9.95%, despite the spike miners are deploying capital to expand operations. This reveals a bullish bias among Bitcoin miners and fuels a positive sentiment among BTC holders.

What to expect from MATIC price with Polygon’s series of partnerships and upcoming zkEVM launch

MATIC, the native token of the Ethereum scaling solution Polygon is on track to recoup its recent losses. Polygon network entered a series of partnerships with name brands like Mastercard, Starbucks among others, helping MATIC gain popularity as the token of the largest Ethereum sidechain.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.

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