Cryptocurrencies Price Prediction: Chainlink, Ripple & Bitcoin – Asian Wrap 18 August
Chainlink Price Forecast: LINK stalls near 200-day EMA following recent gains
Chainlink (LINK) faces resistance near $9.56 on Tuesday and pauses gains after rallying over 14% last week. The cautious tone is supported by weakening derivatives metrics, suggesting bullish momentum may be losing steam. However, renewed demand from institutional investors hints LINK could push higher.
Top Altcoins Price Forecast: XRP loses $1, ADA in a freefall while SOL remains capped
XRP trades below $1.000 on Tuesday, extending a bearish bias as price holds below both the 50-day Exponential Moving Average (EMA) at $1.0740 and the 200-day EMA at $1.3594. The cross-border remittance token also remains capped by a nearer descending trendline resistance around $1.0745, reinforcing the sense of topside exhaustion.
Crypto Market Overview: Bitcoin rebounds while Polygon, Zcash lead gains
Bitcoin trades around $64,200 at press time on Tuesday, edging lower after a 2% rise the previous day. BTC remains capped below the 50-day Exponential Moving Average (EMA) at $64,349 and well under the 200-day EMA near $72,860.68. Price holds above the rising support trendline, whose break price sits at $62,702.76, and above the 23.6% Fibonacci retracement at $63,711, measured over the $82,850 to $57,800 downswing. Still, the inability to reclaim the nearby 50-day EMA keeps upside attempts vulnerable.
Author
FXStreet Team
FXStreet
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.
