Home
News
- 1 Dogecoin revealed a range breakout and is heading to cross the $0.1500 mark.
- 2 EOS coin displays bull accumulation and has witnessed a trend reversal.
- 3 Chainlink token has bottomed out, and fresh buying momentum was seen.
Dogecoin (DOGE), EOS coin (EOS), and Chainlink token (LINK) exhibited massive upward movement and outperformed this week. These cryptocurrencies have witnessed a breakout and are sprinting the bull rally on the charts. Investors must watch out for these cryptocurrencies to add to their portfolio to gain big in 2024.
Dogecoin (DOGE) Reveals Range Breakout: Can DOGE Zooms Above $0.1500?
Dogecoin price replicated a range breakout and soared above the horizontal neckline of $0.1100, exhibiting bullish momentum on the charts. The memecoin showcased a major spike, and a surge of over 70% was glimpsed this week. Moreover, the DOGE price has exited from the range and will continue to rally.
The Dogecoin (DOGE) price was $0.1421 at press time, with an intraday gain of 16.23%, showing bullishness on the charts. Moreover, the trading volume increased by 70.93% to $5.08 Billion, and the market cap rose to $20.08 Billion. Analysts are bullish and suggest that Dogecoin (DOGE) will spread the bull rally and continue outperforming in the following sessions.
EOS Exhibits Channel Breakout: Will It Retest $1.30 Mark?
The EOS coin has escaped the channel trendline hurdle of $0.8000, and a sharp bullish momentum was noted on the charts. Moreover, the coin has crossed the 50-day EMA and is sprinting toward the 100-day EMA. A trend reversal was also exhibited, and buying action will persist in the following sessions.
The EOS coin (EOS) price was $0.1423 at press time, with an intraday gain of 15.20%, showing bullishness on the charts. Moreover, the trading volume increased by 44.78% to $310.71 Million, and the market cap rose to $1 Billion. Analysts are bullish and suggest that the EOS coin price will continue to extend the upward movements and may cross $1.50 soon.
Chainlink Displays Bull Accumulation: Can Bulls Sprint Toward $50?
The LINK token price has moved out of the consolidation phase, and a range breakout was witnessed. Additionally, the token started to form higher high swings and follow-on buying momentum was noted. The technicals have given a buy alert, and the token will continue to ascend the gains. The token has bottomed out, and bullish momentum was reflected on the charts.
The Chainlink token (LINK) price was $21.03 at press time, with an intraday gain of 5.20%, showing bull accumulation on the charts. Moreover, the trading volume increased by 25.37% to $759.80 Million, and the market cap rose to $12.34 Billion. Analysts are bullish and suggest that the LINK token price will lift the gains and may fetch the $50 mark soon.
Summary
The Dogecoin (DOGE), EOS coin (EOS), and Chainlink token (LINK) reflected bullishness and are sprinting the gains this week. However, the trend is strong, and a rally can be seen. Investors must watch out for these crypto assets and watch the below-mentioned levels before entering the trade.
Technical Levels
- Support Levels of DOGE:$0.1300 and $0.1000
- Support Levels of EOS: $0.900 and $0.860
- Support Levels of LINK: $20 and $17
- Resistance Levels of DOGE: $0.1500 and $0.1800
- Resistance Levels of EOS: $1.20 and $1.50
- Resistance Levels of LINK: $25 and $30
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
