Cryptocurrencies Price Prediction: Chainlink, Dogecoin & Shiba inu — Asian Wrap 26 August

FXStreet Team FXStreet

Chainlink price hovers just above a historical barrier, but technicals suggest one more low could occur

Chainlink price has lost 25% of its market value since rallying 67% this summer. LINK price consolidated under relatively sparse volume, hinting that bulls want a better deal. Invalidation of the bearish thesis is a closing candle above $9.65.

Dogecoin Price Prediction: On-chain metrics show whales won’t let the dog off the leash

Technical and on-chain analysis note significant influence of high market cap investors on the Dogecoin price. Last week, Dogecoin price rallied an impressive 25% in just a few hours. A contrarian forecast was issued proposing that the uptrend move was more of a sucker’s rally than the start of a new bull run.

Shiba Inu price rallies 15%, but the dog smells like a smart money trap

Shiba Inu Price surges 15% during the London session. The Volume Profile Indicator shows an influx of transactions pouring in on intra-hour time frames. A daily close above $0.00001700 would add more confidence that the uptrend spike is a genuine start of the next rally.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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