Cryptocurrencies Price Prediction: Ethereum, Chainlink & Solana — Asian Wrap 17 Mar


Ethereum price rallies towards $3,000 after the Fed increases interest rates

Ethereum price responded bullishly to a somewhat hawkish interest rate increase from the Federal Reserve. Likewise, risk-on markets worldwide had a positive response, indicating that market participants felt the rate hike was already priced in. 

 

Chainlink price set for a 20% run as bulls smash through the daily trend. The next target is $17.

Chainlink price tests previous resistance as the bulls have pushed past a 2-day swing high at $14.46. There are a few indicators giving confluence that a bullish trend is underway. Chainlink price should have investors feeling enthusiastic as the bulls have successfully broken through the 2-day trend line.

 

Solana Price is prepping for a 40% rally but should be considered a no-trade zone until the breakout begins.

Solana Price is still coiling inside a triangle consolidation. The 2-day chart is adding more confluence that a breakout will soon commence. Solana price should have traders on high alert, as the centralized smart contract token is ready to make its next move.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ethena plans to leverage USDe to integrate DeFi, CeFi and traditional finance

Ethena plans to leverage USDe to integrate DeFi, CeFi and traditional finance

Ethena (ENA), a protocol developed on the Ethereum blockchain offering a synthetic stablecoin (USDe) that operates across various DeFi applications, announced on Friday that itsUSDe will integrate DeFi, CeFi and traditional finance as part of its 2024 roadmap. 

More Cryptocurrencies News

XRP hovers above $0.50 as Ripple joins alliance to simplify recovery of digital assets

XRP hovers above $0.50 as Ripple joins alliance to simplify recovery of digital assets

XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation. 

More Ripple News

Toncoin price surges as Notcoin gains attention across the crypto community

Toncoin price surges as Notcoin gains attention across the crypto community

TON saw a brief rally on Thursday following a recent announcement that Binance and OKX will launch Notcoin (NOT) as the newest token on the Binance launchpool and the OKX Jumpstart.

More Cryptocurrencies News

AI crypto coins rally ahead of ChatGPT creator OpenAI plans to announce Google search competitor on Monday

AI crypto coins rally ahead of ChatGPT creator OpenAI plans to announce Google search competitor on Monday

Barely before the hype around NVIDIA stock gain is over, AI crypto tokens have another bullish catalyst coming their way, which could provide more tailwinds to drive the price of the sector’s tokens.

More Cryptocurrencies News

Bitcoin: Why BTC is close to a bottom

Bitcoin: Why BTC is close to a bottom

Bitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session. However, the downside potential appears to have been capped. Markets have noted significant trading differences between sessions, and while the Asian market showed strength, whatever ground they were able to cover was oftentimes wiped out by traders in the US.

Read full analysis

BTC

ETH

XRP