Major cryptocurrencies are experiencing a downturn, with Bitcoin falling back to $67,000 after failing to break above $70,000.
However, a breakout is also possible. If there's a surge in demand, and XRP can break above the resistance zone around $0.52 , buyers could take control and push the price towards the key resistance at $0.546. A successful breakout above this level could even see XRP climb as high as $0.66 in the short term.
If buyers can hold LINK above $16.5 during this potential pullback, it could be a buying opportunity. Holding this support level could lead to future price increases, with potential targets of $23, $28, or even $33. Despite the lack of immediate impact on trading volume, the market generally expects ETF launches to happen this summer. Interestingly, even during pullbacks, Ethereum continues to see buying activity around the $3,600 support level, mirroring the broader market trend.
However, if daily closing prices fall below $3,600, support levels at $3,520 and $3,250 could come into play. Therefore, to avoid a correction, Ethereum needs to hold above the critical support zone of approximately $3,630.Institutions and billionaire investors worldwide are already well ahead of the game when it comes to AI-powered investing, extensively using, customizing, and developing it to bulk up their returns and minimize losses.
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Source: Investingcom - 🏆 450. / 53 Read more »