Cryptocurrency Price Predictions: Floki, Chainlink, Binance Coin (BNB)

Cryptocurrency prices began the week positively as investors grew bullish on risky assets like stocks, spurred by Donald Trump’s flexible stance on tariffs ahead of his “Liberation Day” on April 2. This article forecasts popular cryptocurrencies: Floki (FLOKI), Chainlink (LINK), and Binance Coin (BNB).

Floki Price Analysis

Floki’s price has been on a strong downtrend over recent months but showed signs of recovery this week. This change was influenced by a new DAO proposal to eliminate the TOKEN transaction tax, requested by a significant partner to facilitate TokenFi integration on their platform. While this integration could expand TokenFi’s user base and attract centralized exchanges, it may reduce Floki’s tax revenue and affect its burn rate.

Floki’s price bottomed at $0.00005435 and rebounded to $0.000065 this month. An analysis indicates that the Relative Strength Index (RSI) and the Percentage Price Oscillator have formed a bullish divergence pattern. Additionally, the formation of a falling wedge pattern suggests potential for further price gains in the coming days.

Chainlink Price Analysis

Chainlink’s price has surged recently, hitting $15.0, its highest since March 8. This rebound was propelled by a partnership with ADGM in the UAE, alongside reaching $20 trillion in transactions. Chainlink may also be considered for inclusion in Trump Media’s crypto ETFs, being developed with Crypto.com.

Similar to Floki, Chainlink’s chart indicates a bullish trajectory, with it forming a falling wedge pattern and moving above key Fibonacci Retracement levels. Indicators also reveal a bullish divergence pattern, suggesting further price increases as bulls eye the $20 mark.

Binance Coin (BNB) Price Analysis

BNB has experienced a strong rebound, particularly after the recent Pascal hard fork, which integrated more Ethereum functionalities. The price increased from $505 to $640, forming an ascending channel and a cup and handle pattern, suggesting that BNB could potentially rise over $1,100.

Despite this bullish outlook, the RSI and PPO indicators indicate a bearish divergence, signaling that for a bullish breakout, BNB must surpass the resistance at $690 and potentially rise above $793 for confirmed further gains.

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