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

FXStreet Team FXStreet

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.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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