Fun

Biggest Movers: LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline

News Feed - 2023-03-18 12:03:47

Biggest Movers: LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline


Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%. Dogecoin (DOGE)


Dogecoin (DOGE) rose by as much as 5% in today’s session, as the meme coin recovered from yesterday’s bear run.


Following a low of $0.07007 on Thursday, DOGE/USD raced to an intraday high of $0.07579 earlier today.


The move came as dogecoin bulls bought yesterday’s dip, which saw prices fall to a floor at the $0.07000 mark. DOGE/USD – Daily Chart


Looking at the chart, the rally also coincided with the 14-day relative strength index (RSI) breaking out of a ceiling at the 45.00 mark.


As of writing, the index is marginally above this point, with a current reading of 45.52.


The next visible point of resistance appears to be a ceiling at 47.00, which seems to be a reason why earlier bulls have begun to abandon previous positions. Chainlink (LINK)


In addition to DOGE, chainlink (LINK) was also in the green in today’s session, with prices trading by as much as 7% higher.


LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior.


Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60. LINK/USD – Daily Chart


However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb.


As of writing, the index is tracking at 52.71, which is close to a ceiling at the 54.00 zone.


In the short-term bulls may attempt to send the token to $7.50, however there appear to be several obstacles in the way that could prevent this.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Chainlink, Doge, dogecoin, LiNK


Do you believe that chainlink will hit $7.50 this weekend? Let us know your thoughts in the comments. Eliman Dambell


Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder. Bitcoin, Ethereum Technical Analysis: BTC Hits $27,000, Securing Fresh 9-Month High MARKET UPDATES | 11 hours ago Biggest Movers: DOGE, SHIB Slip Following ECB Rate Hike MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse Next articleSVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament


A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Dogecoin’s Fate Hinges On $0.16—Breakout Or Breakdown Ahead?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ruby on Rails Creator Capitulates on Bitcoin After Seeing Canadian Government’s Response to Freedom Convoy
Ruby on Rails Creator Capitulates on Bitcoin After Seeing Canadian Government"s Response to Freedom Convoy The creator of Ruby on Rails says the situation in Canada is “terr
Hacker Selling 1 Billion Chinese Citizens’ Data for 10 BTC, Zuckerberg’s Meta Ends Novi Project, and More — Bitcoin.com News Week in Review
Hacker Selling 1 Billion Chinese Citizens" Data for 10 BTC, Zuckerberg"s Meta Ends Novi Project, and More — Bitcoin.com News Week in Review In this week’s bite-sized diges
Avalanche and Chainlink collaborate on Australasian on-chain asset settlement
Savannah Fortis10 hours agoAvalanche and Chainlink collaborate on Australasian on-chain asset settlementThe Australia and New Zealand Banking Group alongside Chainlink Labs collaborated to connect Avalanche and Ethereum
Binance.US ‘prepared’ for SEC legal showdown
Josh O"Sullivan1 hour agoBinance.US ‘prepared’ for SEC legal showdownBinance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforce
Derek Andersen2 hours agoDigital Dollar Project completes CBDC retail remittance pilot with Western UnionThe project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments While the stablecoin market has seen significant redemptions in
WazirX hacker funnels $149M, Hamster Kombat users face phishing attacks: Finance Redefined
Zoltan Vardai4 hours agoWazirX hacker funnels $149M, Hamster Kombat users face phishing attacks: Finance RedefinedThis week, hackers staged the second-largest crypto hack of 2024, stealing over $230 million, while other
Mars4 Embraces a Multi-Chain Future With PancakeSwap Listing
Mars4 Embraces a Multi-Chain Future With PancakeSwap Listing sponsored Investors from all over the world are looking for the freshest projects to increase their returns. They might
GameFi studios are booming once again as crypto prices recover
Zhiyuan Sun4 hours agoGameFi studios are booming once again as crypto prices recoverNew Web3 gaming projects continue to enter the sector as the price of cryptocurrencies surge.554 Total views17 Total sharesListen to art
Onecoin Cryptoqueen Killed in Greece in 2018, Report Claims
Onecoin Cryptoqueen Killed in Greece in 2018, Report Claims Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. A
FTX former execs and promotors to settle class lawsuit for $1.3M
Jesse Coghlan2 hours agoFTX former execs and promotors to settle class lawsuit for $1.3MFormer FTX and Alameda executives agreed to share information to aid in the class group’s legal fight against other alleged FTX pr