A Crypto Analyst’s Update on Dogecoin, Chainlink, and Bitcoin
A popular crypto analyst shares insights on the current state of Dogecoin (DOGE), Chainlink (LINK), and Bitcoin (BTC). Here are the key points:
- DOGE could experience a downside continuation as it struggles to break out of the downtrending channel.
- Until DOGE can close above the channel top on a weekly basis, there is a possibility of further downside.
- LINK is attempting to break out of the macro downtrend but is facing resistance.
- For now, LINK appears to be rejecting the breakout.
- BTC is holding just above the $29,250 level after a recent strong rejection.
- There is uncertainty whether BTC can maintain its current price levels until the end of the week.
According to the analyst, DOGE and LINK are facing potential downtrends, while BTC’s price stability remains uncertain.
Hot Take
While the analyst’s insights provide valuable information, it is important for crypto readers to conduct their own research and analysis before making any investment decisions. The crypto market is highly volatile, and prices can change rapidly. Stay informed and make informed decisions.
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