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Cryptocurrencies Price Prediction: Tezos, Chainlink and Binance Coin – European Wrap 5 February

Cryptocurrencies Price Prediction: Tezos, Chainlink and Binance Coin – European Wrap 5 February
FXStreet TeamFXStreet TeamFXStreet

Tezos price rebounds from key support, aiming to retest all-time highs

Tezos has recovered consistently from Decembers’ dip that saw it revisit $1.6. The uptrend has been taking place within the confines of an ascending parallel channel. A massive breakout is anticipated in the near term, likely to boost XTZ to its all-time highs. Read more...

XTZ/USD price chart

LINK is on the verge of a 30% breakout

Chainlink price has seen a steady increase in its market value since late September 2020 and picked up the pace in early January 2021. With over 150% year-to-date returns, the decentralized oracle token seems primed for more upside momentum in the near future. Read more...

LINK/USDT 4-hour chart

Binance Coin Price Prediction: BNB at risk of rejection despite mounting sell signals

Binance coin is up by 60% since January 1, 2021, reaching a market capitalization of over $9 billion for the first time ever. The digital asset is on the verge of passing Litecoin and Chainlink. However, several indicators have turned bearish for the exchange token which seems poised for a correction. Read more...

bnb price

 

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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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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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.