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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrencies-show-mixed-performance-with-link-coin-rising/" data-wpel-link="internal">Cryptocurrencies Show Mixed Performance with LINK Coin Rising</a><br></p>
<p style="text-align: justify"><strong>BTC price</strong> reached $66,750 in the last 24 hours, pushing ETH price past $3,000. However, it did not last long. In the following hours, we saw a short-term downtrend in cryptocurrencies again. However, LINK Coin, which we warned about today, continues the day with a 6% increase. So, what are the current price predictions for SHIB, BONK, and ETH?</p> 
<h2 style="text-align: justify" id="ethereum-eth">Ethereum (ETH)</h2> 
<p style="text-align: justify">Although <strong>Ether</strong>, the largest <a href="https://en.coin-turk.com/altcoin-surges-with-community-driven-token-consolidation/" data-wpel-link="internal">altcoin</a> by <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> cap, surpassed the 20-day EMA, it struggles to maintain the region due to BTC price fluctuations. Social sentiment for ETH is positive, albeit at a low level above the neutral zone. Being at this level on the eve of ETF rejection is relatively good.</p> 
<p style="text-align: justify">The Elder-Ray Index, which measures the strength of buyers and sellers, also gives a positive signal. This indicates that buyers are in a relatively good position. So, what will the price be? On the daily chart, <strong>ETH price</strong> is trading within a descending triangle, which is generally a bearish signal. This structure, resulting from weakening <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">prices</a> with lower highs, has the potential to see a strong downward break at $2,864.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-352298 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-kac-dolar-olur.png" alt="" width="1280" height="783"></p> 
<p style="text-align: justify">However, if the upper trend line of the triangle can be surpassed, <strong>ETH</strong> may target peaks at $3,100 and above again. Next week, the SEC will make its decision on the spot ETH ETF applications. In this context, even the difference between the SEC rejecting all applications or just two applications can have different results on the price. However, we have seen that the rejection decision has been largely priced in for weeks.</p> 
<h2 style="text-align: justify" id="bonk-coin-commentary">BONK Coin Commentary</h2> 
<p style="text-align: justify">Investors maintained the support at $0.00002241, and attempts to reach $0.0000250 have not yet succeeded. If BTC price is supportive, <strong>BONK Coin</strong> may surpass this level and test $0.0000296. Although the mentioned price is one of the strongest barriers before ATH, BONK Coin has been moving sideways since April 24.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352300 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/BONKUSDT_2024-05-16_23-56-31.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">In a bearish scenario, losing the support could target $0.0000149.</p> 
<h2 style="text-align: justify" id="shiba-coin-commentary">Shiba Coin Commentary</h2> 
<p style="text-align: justify">SHIB did not respond well to the BTC fluctuations that have been ongoing for a few hours and started to decline. <strong>Shiba Coin</strong> has been stuck between $0.0000214 and $0.0000267 for a very long time. It needs to see a breakout. The upward target is the $0.0000295 resistance, and the downward support is at $0.0000167.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352301 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/SHIBUSDT_2024-05-16_23-59-23.png" alt="" width="1814" height="836"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrencies-show-mixed-performance-with-link-coin-rising/" data-wpel-link="internal">Cryptocurrencies Show Mixed Performance with LINK Coin Rising</a></h5>

Cryptocurrencies Show Mixed Performance with LINK Coin Rising

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