Chainlink (LINK) Will Finally Clear Long-Term Resistance
– Chainlink has been in a consolidation pattern since April 2022
– The price recently broke down from a support area but quickly reclaimed it
– A bullish divergence in the weekly RSI suggests an upward movement
– The price has reached a resistance line multiple times and a breakout is likely
– If the resistance is broken, LINK could increase to $9 or even $13
Ocean Protocol (OCEAN) Price Could Double
– OCEAN has been below a descending resistance line since April 2021
– The price has made multiple unsuccessful attempts to break the trend line
– The price is currently within a descending parallel channel, indicating corrective movements
– A breakout from the channel and resistance line could lead to a 200% increase
– Another rejection could cause a 35% drop to the channel’s support line at $0.21
DASH Will Fall by 60%
– DASH has been declining since reaching a record high in December 2017
– The price recently broke below a support level and reached a low point in August
– The weekly RSI confirms the ongoing downtrend
– The RSI is currently below 50 and decreasing, indicating a bearish trend
– The nearest support area to watch for is at $10, representing a 60% drop
Hot Take
Overall, the crypto predictions for September suggest potential opportunities for investors. Chainlink (LINK) shows signs of breaking long-term resistance and has the potential for significant price increases. Ocean Protocol (OCEAN) also has the potential to double in price if it breaks out from its descending channel and resistance line. However, DASH is expected to continue its decline, potentially falling by 60%. As always, it is important to do your own research and consider the risks before making any investment decisions in the cryptocurrency market.
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