Cryptocurrencies Price Prediction: Cryptos, Chainlink & NFT– American Wrap 9 February
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto Season coming close to the end
The cryptocurrency market is experiencing turbulence near the upper bounds of the recent rally. As the price descends, traders question whether the market will rebound toward higher prices or if the profitable bull run has already ended.
Non-fungible tokens (NFTs) exploded to their peak last year. Since then, they have only declined in trade volume and sales to the point that the month of December 2022 recorded less than $4 billion worth of sales. Even so, NFT marketplaces are attempting to expand their reach, an instance of which can be seen in the case of LooksRare as well.
Chainlink (LINK) price sees bulls being dumb, def and blind to all the dangerous market signals that have been issued this week. Instead, LINK bulls are focused on the weakness of the US Dollar that is synthetically lifting LINK/USD higher. The multi-top resistance at $7.50 has been broken, and bulls are chasing price action higher toward the R1 at $7.82, where a firm rejection is awaiting them.
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.
More from FXStreet Team
