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Cryptocurrencies Price Prediction: Solana, SafeMoon & Chainlink — Asian Wrap 15 Mar [Video]

Solana price hits lowest point in six months, recovery likely as the Ethereum-killer leads in Web3 gaming

Solana price has dropped 69% over the past six months, hitting its lowest since August 2021. Analysts identify the Solana price chart's falling wedge pattern and predict recovery in the ongoing cycle. UK-based game development and animation studio founder believes Solana could leave Ethereum in the dust in Web3 gaming.

 

SafeMoon price traps bulls before another downswing

SafeMoon ( SAFEMOON) price action is on the back foot again, although cryptocurrencies in general are faring well after positive news on talks between Russia and Ukraine. SafeMoon price action looks to be an outlier with bears in the driving seat and not yet set to give up on their positions.

Chainlink price squeezes shorts out in bear trap

Chainlink (LINK) price action is on a rampage this morning as bulls are performing a breakout trade that pushes bears out of their positions. Over the weekend, price action dropped to lower levels but did not make new lows for the month.

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FXStreet Team

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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Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.