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Cryptocurrencies Price Prediction: VeChain, ChainLink & Axie Infinity — Asian Wrap 20 Aug

Cryptocurrencies Price Prediction: VeChain, ChainLink & Axie Infinity — Asian Wrap 20 Aug
FXStreet TeamFXStreet TeamFXStreet

VeChain Price Prediction: VET strikes important resistance, may creep lower

VeChain price is now holding the July ascending trend line after finding stiff resistance at the 38.2% retracement level and the double bottom measured move target of $0.135. The VET pullback is set to continue, possibly testing the 200-day simple moving average (SMA) at $0.104 before engineering the next leg higher for the rally.

Chainlink Price Forecast: LINK confronts a new reality, easy money has been made

Chainlink price registered a 100% gain from July 21 to August 13, gaining traction on the widespread interest in DeFi tokens and making it the best 24-day gain since January. The impressive rally met heavy resistance at the 200-day SMA and has been trending at or below the moving average over the last six sessions, busting the July ascending trend line on August 17. 

Axie Infinity price waits for no one, as AXS prepares for launch

Axie Infinity price has been transacting in a very tight range since the August 10 spike higher of 47.59%, squeezing the Bollinger Bands to the tightest reading since trading began in 2020. The price compression combined with the June ascending trend line and no hint of distribution suggests that AXS is on the cusp of another sharp move.

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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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XRP Price Prediction: XRP tests major support at $1.00

XRP Price Prediction: XRP tests major support at $1.00

Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.
Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off

Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off

The cryptocurrency market is stabilizing on Friday as prospects for de-escalation in Middle East geopolitical tensions improve. Artificial Intelligence (AI)-focused tokens such as Chainlink (LINK), Near Protocol (NEAR), and Bittensor (TAO) continue to face selling pressure, yet are defending key technical support levels.
Bitcoin’s volatility has nearly disappeared – The risk hasn’t

Bitcoin’s volatility has nearly disappeared – The risk hasn’t

Spot Bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, Bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000. The opposing signals point to a market with a spot bid but limited conviction.
Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions

Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions

Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.