Cryptocurrencies Price Prediction: Chainlink, LUNA & Bitcoin – American Wrap 27 August


Chainlink Price Prediction: LINK at inflection point, 11% upswing likely

Chainlink price is hovering above the $23.71 support level, hinting at a potential rally. A bounce off the said demand barrier might push LINK up by 11% to 26.47. If the $22.06 foothold is breached, it will invalidate the bullish thesis. Chainlink price is hovering above a crucial support level and could witness a minor upswing before a firm directional bias establishes itself.

Another billionaire ramps up crypto investments as Bitcoin gains mainstream acceptance

Billionaire Simon Nixon has decided to increase allocation to cryptocurrencies in his family office, Seek Capital.The firm views the new asset class as an essential part of the future. A Goldman Sachs survey found that nearly 50% of family offices are looking to invest in digital assets. 

Terra added on Alto CryptoIRA as LUNA price eyes 30% ascent to reclaim all-time high

Terra price has rallied 10% in its quest to reach its all-time high at $34.78. LUNA becomes one of the 19 cryptocurrencies to be added on Alto Crypto IRA. The ascent to reach an all-time high is sprinkled with $30.55 and $32.35 resistance levels. Terra price performance has been nothing short of impressive in the past couple of weeks. While many cryptocurrencies struggled to reclaim the pre-May 19 crash levels, LUNA set up a new all-time high.

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Crypto bulls unfazed by flash crash

Bitcoin price action initially shakes off strong selling pressure, finds buyers at support, then resumes some selling pressure. Ethereum price action mixed post-all-time high rejection. XRP price awaits its own bullish breakout and an opportunity to outperform its peers.

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MATIC price ready for new all-time highs as $188 million flow into Polygon

The total number of transactions on Polygon network dropped nearly 15% due to a rise in transaction fees over the past week. This hasn’t negatively impacted the network as the number of unique daily active users remained stable. 

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AVAX price offers a bullish opportunity before Avalanche hits new all-time highs

Avalanche (AVAX) price has seen a bullish outbreak on Thursday after it broke out above – and then retested – the red descending trend line at $61.62. With even more buyers and bulls coming in, expect a run towards new all-time highs at $81.

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XLM price building base for bullish breakout

Stellar bulls are in the last phase of completing a bullish triangle. As XLM price is getting squeezed against the base ($0.40), expect a quick breakout of 12%. After taking a breather, expect another 10% of profits to follow. 

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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