The leading cryptocurrency Bitcoin managed to climb back above the $43,300 mark even after experiencing some volatility following comments by Powell. Despite Powell reiterating his previous statement, investors engaged in speculative trading created long lower-wick candles. RON and LINK Coin have been faring well for some time and seem to be unaffected by the negativity in the market.
Ronin (RON) Price Analysis
RON price has been on the rise since the beginning of October 2023. We had mentioned in recent days that the price could see further increases in February. Although it seemed like a distant possibility at the time, RON Coin has reached the anticipated target price of $3.5 as expected.
This impressive rise, which is more significant than the recovery in October 2022, gained momentum with Coinbase and has now peaked with the good news from Binance. The price of RON Coin accelerated after Coinbase added it to its roadmap a few days ago.
If the recovery continues, the RON Coin price could reach a new peak at $4.5, which is 1.61 times the length of the previous recovery. However, a rejection from $3.5 could bring about a 50% drop to the $1.75 support level.
Rises in crypto do not last forever, and taking profits at the right level often brings smiles to investors’ faces. What RON Coin will do next is a matter of curiosity.
LINK Coin Price Prediction
We have been talking about the sustained upward trend of LINK Coin, which has had a good start to 2024. Throughout the year, partnerships in the RWA field, the potential expansion of the staking pool, and other positive news could support the price.
The team, which has been working seriously on tokenizing real-world assets for years, has almost monopolized the service network in terms of DeFi price feeds. Most popular DeFi protocols benefit from Chainlink technology in this regard. Moreover, with the increase in DeFi activities during a bull market, an increase in protocol revenue is expected.
A key area for LINK Coin was $17.7, and it is now about to close the first daily candle above it. After reaching the same region in April 2022, the price had started to decline. Now, on the contrary, the continuation of the rise and surpassing the targets of $21.2 and $28.8 is expected.
