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Cryptocurrencies Price Prediction: Dogecoin, Chainlink & Bitcoin – Asian Wrap 07 October

Cryptocurrencies Price Prediction: Dogecoin, Chainlink & Bitcoin – Asian Wrap 07 October
FXStreet TeamFXStreet TeamFXStreet

Dogecoin Price Forecast: Extended correction and weakening momentum raise downside risks

Dogecoin (DOGE) extends its losses, trading around $0.090 on Wednesday, down more than 5% so far this week. Bearish pressure is strengthening, with short positions reaching a one-month high and traders in overheated conditions. Meanwhile, weakening momentum indicators are also hinting at further losses in DOGE.

Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10

Chainlink (LINK) is down over 3% at press time on Wednesday, facing short-term weakness as institutional and retail demand eases. LINK-focused Exchange Traded Funds (ETFs) witnessed three consecutive days of zero inflows, while LINK futures Open Interest (OI) is down over 5%, suggesting a mild positional wipeout. The technical outlook for LINK is mixed, with a crucial support level near $13.19 in focus.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC fails to hold $85,000, ETH downside risks rise, XRP momentum fades

Bitcoin price trades at $84,022 on Wednesday after two consecutive days of correction so far this week. BTC failed to surpass the recent highs around $87,000 and slipped below the key $85,000 support. Despite the pullback, BTC remains broadly bullish, holding well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) clustered between roughly $79,600 and $75,500.

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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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Quant Price Forecast: QNT rally capped at key resistance poses bearish reversal risk

Quant Price Forecast: QNT rally capped at key resistance poses bearish reversal risk

Quant price is down over 4% on Wednesday, risking a drop below $250 as buying pressure eases after a more than 350% rally last month. Retail strength in the DeFi token remains mixed, with Open Interest down over 6% in the last 24 hours, while negative funding rates ease toward neutral levels.

Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10

Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10

Chainlink is down over 3% at press time on Wednesday, facing short-term weakness as institutional and retail demand eases. LINK-focused Exchange Traded Funds witnessed three consecutive days of zero inflows, while LINK futures Open Interest is down over 5%, suggesting a mild positional wipeout.

Top 3 Price Prediction: BTC fails to hold $85,000, ETH downside risks rise, XRP momentum fades

Top 3 Price Prediction: BTC fails to hold $85,000, ETH downside risks rise, XRP momentum fades

Bitcoin remains under pressure on Wednesday, trading below $84,100 after a 2.88% correction so far this week. Ethereum and Ripple followed in BTC’s footsteps and extended their corrections, trading below $2,620 and $1.500, respectively. Momentum indicators for these top three cryptocurrencies show signs of weakening and hint at deeper correction risk.

ZEC expands institutional momentum as Winklevoss files for Zcash ETF

ZEC expands institutional momentum as Winklevoss files for Zcash ETF

Winklevoss Asset Services, co-owned by crypto exchange Gemini founders Cameron and Tyler Winklevoss, filed a Form S-1 registration statement with the US Securities and Exchange Commission (SEC) on Tuesday for the Winklevoss Zcash (ZEC) ETF. The filing proposes a fund that would hold ZEC and seek to track its price.
Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.