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Cryptocurrencies Price Prediction: Solana, Chainlink & Bitcoin – Asian Wrap 12 August

Cryptocurrencies Price Prediction: Solana, Chainlink & Bitcoin – Asian Wrap 12 August
FXStreet TeamFXStreet TeamFXStreet

Solana Price Forecast: SOL holds above 50-day EMA as ETF inflows, MoneyGram integration boost outlook

Solana (SOL) extends its rebound, trading above $76.41 at the time of writing on Wednesday after finding support around the key zone the previous day. The announcement of MoneyGram Ramps integration on the network on Tuesday boosts bullish sentiment. In addition, increasing demand from institutional investors through SOL spot Exchange Traded Funds (ETFs) so far this week further supports the positive outlook.

Crypto Overview: Bitcoin loses $64,000 – LINK, DOGE sustain gains

Chainlink holds steady above $8.75 on Wednesday, following a roughly 6% surge the previous day. LINK maintains a bullish near-term bias as price holds above the 50-day and 100-day EMAs at $8.2944 and $8.5304, respectively, while the 200-day EMA at $9.9622 sits overhead, capping the broader recovery. Momentum supports the constructive tone, with the RSI around 62, bouncing off the midline, while the MACD holds above the signal with a bullish histogram expanding, suggesting strengthening upside pressure.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC steadies, ETH holds 50-day EMA, XRP rebounds from $1 support

Bitcoin price trades around $63,700 on Wednesday, retaining a bearish near-term bias as it holds below all key EMAs. The 50-day EMA at $64,580, the 100-day EMA at $66,756 and the 200-day EMA at $72,496 all sit above spot, suggesting the broader trend remains under downside pressure despite the recent bounce from sub-$63,000.

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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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