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Cryptocurrencies Price Prediction: Chainlink, Ethereum & Tezos — Asian Wrap 23 Apr

Cryptocurrencies Price Prediction: Chainlink, Ethereum & Tezos — Asian Wrap 23 Apr
FXStreet TeamFXStreet TeamFXStreet

Chainlink price warns no space for mistakes, as LINK hovers above critical support

Chainlink price has been holding a critical region of support framed by the 50% retracement of the February-April rally. Heavy distribution marks the volume profile of LINK since it touched the topside trend line. All indicators point to a downward resolution of the current standoff and a decline of roughly 20% from the current price.

Ethereum price makes new record high as ETH transitions from follower to leader

Ethereum price is decoupling from the Bitcoin universe and printing new highs today on the largest daily volume since February 24. The resistance at the 161.8% Fibonacci extension of the February decline at $2,504 is proving a challenge for the second time in two weeks. 

Tezos price sinking in quicksand as technicals project a further 30% decline

Tezos price is temporarily supported by the confluence of key support levels on the daily chart. Still, the digital token has failed to inspire buying commitment after triggering the double top. If the support breaks, XTZ is staring at an additional decline of nearly 30%.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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XRP falls toward $1.00 amid muted ETF activity

XRP falls toward $1.00 amid muted ETF activity

Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.
Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network. Meanwhile, HBAR is paring losses, trading above $0.0650 at the time of writing. The token shows signs of stability amid a broader bearish trend.
Crypto markets trade muted, lag risk rally

Crypto markets trade muted, lag risk rally

Whilst hopes for a US-Iran agreement to revive the Strait of Hormuz and renewed AI-trade optimism lifted US equities to all-time highs, major cryptocurrencies remained largely sidelined on Wednesday. Bitcoin and Ether hovered near $64,000 and $1,800, respectively, extending their recent period of consolidation rather than participating in a broader risk rally they would normally follow.
Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Bitcoin (BTC) hovers near $64,000 at the time of writing on Wednesday, buoyed by a marginal improvement in crypto sentiment amid growing optimism that the United States (US) and Iran could potentially reach an agreement to open the Strait of Hormuz this week. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bullish outlook, trading toward $1,900.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.