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#CryptoMarketWatch Bitcoin continues its volatile movements and the rally has halted. While the fluctuation persists over the next 24 hours, what will be the target price for DOGE and LINK Coin? Volatility is an opportunity period for short-term investors and more exciting than boring sideways movements. Now, let's look at possible scenarios for these two favorite altcoins.
Dogecoin (DOGE)
While rallying, Dogecoin (DOGE), which is among the flag bearers, is also leading during the decline. After resistance tests and unsuccessful attempts, along with the impact of BTC's decline, DOGE has fallen back to the 0.141 level. When it was confirmed that the High Court decision would be announced on Friday, we published the headline that a 4-day decline period had started, and since then, cryptocurrencies have been losing value. Although MSCI's short-term positive decision slowed sales, BTC fell below $90,000 today.
Since DOGE cannot close above $0.1526, it could drop to $0.133. Although this level previously acted as resistance, it could turn into support during the recent decline. However, if the overall market sentiment does not improve, we may see sales extend down to $0.12.
As long as there are no daily closes above $0.255, it is difficult to talk about a genuine trend change for Dogecoin, and the long-standing dull movements of cryptocurrencies have left no energy for investors to venture.
Chainlink (LINK)
There is no other project among cryptocurrencies that has made such a big deal and failed to reflect it in its price. There is no second company like Swift that can form partnerships worldwide, and Chainlink produces technology capable of joint ventures with such companies. However, LINK Coin's performance is reminiscent of abandoned meme coins.
In the ETF channel, January 5 and 6 were good for LINK Coin, but there was no continuation. Not seeing sell-offs is a bonus, but the liquidity of LINK Coin in the ETF channel, which we can call institutional and professional investors, is not fully understood.
Let's look at the LINK Coin chart. The altcoin, which has not benefited much from the rally, is returning to the $12 support level after a rejection at $13.96. December's last stop was at $11.93, and if overselling resumes, it wouldn't be surprising to see it return to the same region. For an upward move, closes above $19.73 and $28 are required.
NOT INVESTMENT ADVICE
$BTC $DOGE $LINK