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

FXStreet Team FXStreet

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.

Shiba Inu Price Prediction: This bullish setup suggests a 30% rally on the cards

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.

Chainlink price on rise as $9.50 comes back into play

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.

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Ripple struggles build momentum amid subdued investor interest

Ripple (XRP) is retracing toward its nearest technical support level of $1.10 as of Thursday. The remittance token has taken a breather after the macro-driven rally earlier in the week.

Crypto Today: Bitcoin, Ethereum, XRP run into resistance as retail buying cools

Bitcoin retreats toward support at $64,000. Ethereum hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple sits on top of the reclaimed $1.10 support.

Bitcoin pauses recovery as geopolitical tensions outweigh cooling inflation

Bitcoin slips below $64,000 at the time of writing on Thursday after failing to close above the 50-day EMA near $65,120 the previous day. Institutional demand shows mild improvement, with spot Exchange Traded Funds (ETFs) recording a second consecutive day of inflows this week.

Pyth Network gains momentum amid extended Coinbase support

Pyth Network (PYTH) recovers nearly 5% on Thursday, approaching the $0.05000 psychological mark. The Wednesday release of SK Hynix and Lumentum perpetual futures on Coinbase, powered by Pyth Network, lifts retail demand.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.