|

Cryptocurrencies Price Prediction: Cosmos, Shiba & Chainlink– American Wrap 23 February

Cosmos Price Prediction: ATOM could rally 25% despite disbelief

Cosmos price shows a bullish narrative for a potential swing trade in the coming weeks. Traders should keep the digital asset on their watch list and anticipate a surge.
tm/atom/2/21/22
Shiba Inu price noted a decent recovery at the beginning of the year. The meme token has since observed a pullback in value, which gave SHIB traders the impression that a downtrend might be on the way. However, the current conditions of the market actually indicate a rather opposite price momentum.
SHIB/USD 1-day chart
Chainlink (LINK) price is gearing up as a bullish outlook is being forecasted. Several indicators and events point to a higher revaluation. Known crypto strategist Michaël van de Poppe said earlier this week that a bag of alt-coins is set to outperform the majors like Bitcoin and Ethereum. Chainlink was in first place as the Ethereum-based blockchain network token is seeing more buyers and its Relative Strength Index (RSI) pushing higher.
LINK/USD daily chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move
Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.