Cryptocurrencies Price Prediction: Chainlink, Axie Infinity & Cardano — Asian Wrap 14 Jan
|Chainlink must return above this price level or LINK will fall back to $20
Chainlink price is facing difficulties moving above a significant resistance zone on the weekly chart. Failure to close above this resistance on the weekly chart could trigger a strong resumption of falling prices. Chainlink price behavior and the overall trend for the remainder of January will likely be decided this Friday.
Axie Infinity struggles to maintain bullish momentum, AXS may return to $65
Axie Infinity price stalls against the daily Tenkan-Sen, generating a new lower swing high and setting up AXS for another push south. Axie Infinity price had a nice 22% bounce from the Monday lows, but sellers came in at the Tenkan-Sen and thus prevented AXS from moving above the Tenkan-Sen.
Charles Hoskinson comments on Cardano progress, says ADA set standard for Proof-of-stake
Charles Hoskinson believes that Cardano has made progress despite challenges associated with proof-of-stake blockchains. The altcoin’s progress has increased its relevance and demand across the crypto ecosystem. Cardano is now traded on over 100 exchanges.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.