Cryptocurrencies are entering the holiday mode while the U.S. stock markets continue to rise on the last full trading day of the week. Bitcoin remains relatively stable and, after Friday’s half-session, will be on its own until Monday. What are the latest predictions for ENA, SOL, LINK, and XRP?
ENA, SOL, and LINK Coin
Ali Martinez points out that ENA Coin has shown a V-shaped recovery twice before, and he anticipates a third one could begin soon. However, for this to happen, Bitcoin needs to halt its decline, and BTC dominance must decrease. Although the $85,500 support is holding, the effects of reduced trading volumes are uncertain over the holiday period.
If Martinez’s prediction of a $1.26 target for ENA Coin holds true, it would imply a nearly fivefold gain.
SOL Coin, after hitting a recent low at $122, has yet to surpass the $140 resistance. Reclaiming this range as support could trigger a move towards $153, with fluctuations expected in the $158-$203 range.
Despite promising initiatives, Chainlink’s partnerships with trillion-dollar giants haven’t significantly impacted LINK Coin. It fell below $14.67, reaching a low of $11.6. The same levels will be closely monitored on recovery, aiming for a breakout above $19.7.
XRP Coin
XRP Coin’s ETF entries have surpassed $622 million, with total net assets nearing $644 million. Daily net inflows are encouraging, with four ETFs offering institutional investors secure options to hold XRP in regulated markets. XRP Coin inflows are positive compared to SOL and BTC, as it attempts to reclaim the $2.2 support.
If there isn’t significant negative sentiment in the market, the ETF support could have a stronger impact. XRP Coin could rise to $2.75 with a close above $2.32. As of writing, Bitcoin is priced at $87,600.