Trump is in China and the first statements are in favor of cryptocurrencies. Moreover, BTC stocks have joined the AI fervor as the cryptocurrency clarity bill moves through the Senate committee. Warsh will take over as Fed Chairman on Friday. A suitable environment has been created for altcoins to rise, albeit for a short time. Alright DOGEAVAX, SOL and LINK Coin How many dollars are the targets for?
DOGE and LINK Coin
There is an expectation of a decline in crypto as the impact of the increase in inflation on monetary policy in the medium and long term will be digested by the markets. However, the short-term outlook is in favor of cryptocurrencies for now. That’s why we see daily gains of up to 5 percent. DOGE price At the time of writing, it is at $0.116.
We mentioned that closings above $ 0.114 could put the 0.117 resistance on the radar. Now, if this key threshold can be gained permanently, it can return to the range of $ 0.121 and $ 0.129. The next stage for DOGE will be to turn this region into an uptrend as in January and test $0.156. However, when the expected decline phase begins, it will quickly return to the range of $0.111 and $0.106.
Despite numerous major agreements Chainlink The failing LINK Coin doesn’t really care. But it is still important to return to 2-digit levels. Previously, sales started in this resistance zone and the price fell to the range of $ 10.12 and $ 8.32. In the decline, the target range is still the same, but in the continuation of the rise, it can be expected that 14.1 dollars, which turned into resistance after the 11.78 support is gained, will be targeted again.
SOL Coin and AVAX
Solana (LEFT) The excitement in the ETF channel still continues. Weekly inflows are on an upward trend and have already surpassed $50 million. Daily net inflows above 10 million dollars are quite positive. It is difficult to say the same thing about the spot price because the bulls, who could not stay above $ 98, rightfully started taking profits. Despite today’s BTC rise, SOL Coin is trying to maintain $92. In the continuation of the decline, it may return to the range of 88 and 80 dollars.
In an uptrend environment, the target is the peak of $120 with closings above $98.
Stuck below $10.5 for almost 100 days AVAX The future doesn’t look very bright for you. We have seen continuous selling for 223 days, and for half of that, many altcoins have made local tops while AVAX has only been able to move sideways. If there was no strong support at $8.2 in the last bear market, it could lose it too and move towards the 2020 bottoms.
- The damage caused by high token inflation over the years.
- The ecosystem is significantly weaker than competitors like Solana.
- To withdraw the already shrinking liquidity of your competitors.
- Constantly introducing new alternatives into the game.
- Ethereum is taking firm steps towards solving the scaling problem, reducing costs and will reduce them even further.
There are many reasons like this and Avalanche seems to be at a very disadvantage in this environment. Unless we see applications that are of great interest in its ecosystem and will carry the network (if it hasn’t happened so far, it will be difficult from now on) or RWA does not enter into huge agreements in the field, it is more or less certain that AVAX will be long-term. Of course, crypto is full of surprises and “in an environment where everything is rising”, AVAX may return to at least $35 levels, but how logical it is to buy at these levels and wait open-ended depends on your risk profile.
