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Cryptocurrencies Price Prediction: Chainlink, Ripple & Bitcoin – Asian Wrap 18 August

Cryptocurrencies Price Prediction: Chainlink, Ripple & Bitcoin – Asian Wrap 18 August
FXStreet TeamFXStreet TeamFXStreet

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.

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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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Ripple recovery runs into headwinds amid fading retail and institutional interest

Ripple recovery runs into headwinds amid fading retail and institutional interest

Ripple (XRP) holds slightly above $1.30 on Monday, with short-term recovery prospects fading. Strong structural resistance toward $1.40 continues to cap upside, raising the risk of further downside below $1.30.

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Bitcoin edges higher above $82,000, building strong structural support despite roughly $229 million in ETF outflows last week. Ethereum recovers above $2,400 as bulls strive to regain trend control, backed by a subtle recovery in momentum indicators.

Pi Network Price Forecast: Weak momentum and waning demand reinforce downside bias

Pi Network Price Forecast: Weak momentum and waning demand reinforce downside bias

Pi Network edges lower on Monday, risking a bearish conclusion to its short-term consolidation above the $0.0774 horizontal support. A steady decline in the notional value of active PI futures contracts and the weekly spot trading volume suggests reduced retail demand.

Zcash Price Forecast: Downside risk looms as ETF outflows and falling Open Interest weigh

Zcash Price Forecast: Downside risk looms as ETF outflows and falling Open Interest weigh

Zcash (ZEC) edges higher on Monday after three consecutive weeks of bearish closes totaling roughly 30% losses. The privacy coin is losing institutional confidence with three straight weeks of outflows, while retail speculation eases as ZEC futures Open Interest declines to a 30-day low.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.