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 faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.

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