Cryptocurrencies Price Prediction: Chainlink, Cardano & Bitcoin — Asian Wrap 25 August

FXStreet Team FXStreet

Chainlink partners with Japan’s SBI Group, focusing on DeFi use cases

Chainlink (LINK) edges higher by over 1% at press time on Monday with the announcement of securing a partnership with Japan’s financial conglomerate SBI Group. The firm, with over $200 billion in assets, will focus on decentralized finance (DeFi) product offerings. Furthermore, the Chainlink network continues to experience heightened activity, with the LINK supply in profit remaining elevated.

Cardano Price Forecast: ADA eyes recovery as bullish momentum builds

Cardano (ADA) price is showing signs of recovery after rebounding from a crucial support level last week. This price optimism is further supported by rising Open Interest and stablecoin market capitalization, pointing toward improving market sentiment. The technical indicators suggest that the recent bearish momentum may be fading, opening the door for a potential upside rally.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC and XRP hover near key supports while ETH consolidates after record highs

Bitcoin price found support around the 100-day Exponential Moving Average (EMA) at $110,865 on Friday and rallied 3.94%. However, it found rejection from its previously broken trendline the next day and declined 3.42% until Sunday. At the time of writing on Monday, it trades slightly down at around $112,852. If BTC closes below the 100-day EMA at $110,865 on a daily basis, it could extend the decline toward its next support level at $103,701, its 200-day EMA.

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FXStreet Team

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