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Cryptocurrencies Price Prediction: Luna Classic, Shiba Inu and Chainlink – European Wrap 1 December

Cryptocurrencies Price Prediction: Luna Classic, Shiba Inu and Chainlink – European Wrap 1 December
FXStreet TeamFXStreet TeamFXStreet

Terra’s Luna Classic price squeeze hints at explosive breakout to $0.000185

Luna Classic price is ready to kick-start a strong move to the upside after nine days of consolidation. This range tightening has squeezed volatility, but if certain conditions are met, a comeback could be on the cards for LUNC.

LUNC/USDT 4-hour chart

Shiba Inu burn destroys 666 million SHIB, the meme coin could rally on one condition

Shiba Inu, popularly known as "the Dogecoin-killer", witnessed a spike in burn in November. The community destroyed 666 million SHIB in 149 transactions, pulling these tokens out of circulation permanently. The meme coin is ready to begin its recovery despite the crypto bear market. 

SHIB/USD price chart

Chainlink price could surprise LINK holders, as it prepares for staking on Ethereum

Chainlink is eyeing gains ahead of its staking launch on Ethereum mainnet in December. Staking is a core initiative of Chainlink Economics 2.0, a new program offering LINK holders the opportunity to earn rewards. 

LINK/USDT price chart

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XRP slides below 50-day EMA as selling pressure intensifies

XRP slides below 50-day EMA as selling pressure intensifies

Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.

Pi Network consolidates as momentum shift flashes downside risk

Pi Network consolidates as momentum shift flashes downside risk

Pi Network (PI) is trading near the $0.2000 psychological support level at press time on Friday, extending its nearly month-long consolidation. Large deposits over centralized exchanges accepting PI tokens suggest a sell-side bias among holders.

Crypto Today: Bitcoin, Ethereum, XRP hold support amid waning retail demand

Crypto Today: Bitcoin, Ethereum, XRP hold support amid waning retail demand

Bitcoin slips but holds above $95,000, weighed down by declining retail demand. Ethereum trades narrowly between the 100-day EMA support and the 200-day EMA resistance.

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Bitcoin: BTC bulls remain strong amid institutional demand, risk-on sentiment improves

Bitcoin: BTC bulls remain strong amid institutional demand, risk-on sentiment improves

Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.