Cryptocurrencies Price Prediction: Chainlink, Polygon & Dogecoin — Asian Wrap 09 Dec

FXStreet Team FXStreet

Chainlink hits market bottom as LINK target key resistance level at $26

Chainlink price was not immune to the selling pressure over the weekend. Chainlink was already down 39% from its most recent swing high in November, but it extended that loss to 50% on Saturday. LINK has, since then, recovered all of the weekend losses. $26 is the next critical resistance zone for bulls to tackle.

MATIC continues to march higher with $3 in sight

MATIC price action has certainly been some of the most dramatic post flash crash. Multiple vigorous attempts by short-sellers to push MATIC lower have all failed and have led to MATIC pushing towards new all-time highs. MATIC price action, in case you missed it, has gained over 66% from its flash-crash lows.

Dogecoin bears leave the scene as DOGE rises towards $0.24

Dogecoin price holds steady near the $0.18 value area, halting any further downside movement. Buyers appear to be showing up and preparing Dogecoin for a big launch higher. Dogecoin price action has been a cause of concern for many bulls and long-term hodlers after the Saturday flash-crash.

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XRP consolidates as ETF inflows, rising derivatives interest offset selling pressure

Ripple (XRP) faces sustained selling pressure as bears maintain control on Monday. The remittance token has struggled to break above the $1.10 resistance since last Thursday, as risk sentiment weighs. Demand for XRP derivatives has gradually increased since last week, with the perpetual futures Open Interest (OI) averaging 2.4 billion XRP on Monday, up from 2.13 billion XRP the previous day.

Bitcoin Price Forecast: BTC remains below key 50-day EMA as headwinds from escalating US-Iran conflict offset ETF inflows

Bitcoin (BTC) trades just below its 50-day Exponential Moving Average (EMA) near $65,000 on Monday, a key technical level that could determine its next directional move. Institutional demand via ETFs improved somewhat last week, providing some tailwind for the Crypto King, but the latest round of strikes between the US and Iran has dampened risk appetite.

Crypto Today: Bitcoin, Ethereum, XRP slip as US-Iran escalating hostilities pressure risk assets

Cryptocurrency prices remain under pressure on Monday, as Bitcoin (BTC) falls toward $64,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), uphold a weakening technical structure. ETH is trading sideways between support at $1,826 and resistance at $1,937. Meanwhile, XRP hovers below the pivotal $1.10 level, edging lower toward the primary $1.00 support.

Solana Price Forecast: SOL risks further decline amid weak institutional, retail demand

Solana (SOL) price edges lower on Monday, maintaining a corrective tone from early July. Institutional demand remains muted, with two consecutive weeks of inflows under $1 million, while declining Open Interest and the funding rate point to bearish retail interest, even as trading volume rises by over 70% in 24 hours.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.