Cryptocurrencies Price Prediction: Chainlink, Dogecoin & Shiba inu — Asian Wrap 26 August

FXStreet Team FXStreet

Chainlink price hovers just above a historical barrier, but technicals suggest one more low could occur

Chainlink price has lost 25% of its market value since rallying 67% this summer. LINK price consolidated under relatively sparse volume, hinting that bulls want a better deal. Invalidation of the bearish thesis is a closing candle above $9.65.

Dogecoin Price Prediction: On-chain metrics show whales won’t let the dog off the leash

Technical and on-chain analysis note significant influence of high market cap investors on the Dogecoin price. Last week, Dogecoin price rallied an impressive 25% in just a few hours. A contrarian forecast was issued proposing that the uptrend move was more of a sucker’s rally than the start of a new bull run.

Shiba Inu price rallies 15%, but the dog smells like a smart money trap

Shiba Inu Price surges 15% during the London session. The Volume Profile Indicator shows an influx of transactions pouring in on intra-hour time frames. A daily close above $0.00001700 would add more confidence that the uptrend spike is a genuine start of the next rally.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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