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Cryptocurrencies Price Prediction: Chainlink, Dogecoin & Shiba inu — Asian Wrap 26 August

Cryptocurrencies Price Prediction: Chainlink, Dogecoin & Shiba inu — Asian Wrap 26 August
FXStreet TeamFXStreet TeamFXStreet

Chainlink price hovers just above a historical barrier, but technicals suggest one more low could occur

Chainlink price has lost 25% of  its market value since rallying 67% this summer. LINK price consolidated under relatively sparse volume, hinting that bulls want a better deal. Invalidation of the bearish thesis is a closing candle above $9.65.

Dogecoin Price Prediction: On-chain metrics show whales won’t let the dog off the leash

Technical and on-chain analysis note significant influence of high market cap investors on the Dogecoin price. Last week, Dogecoin price rallied an impressive 25% in just a few hours. A contrarian forecast was issued proposing that the uptrend move was more of a sucker’s rally than the start of a new bull run.

Shiba Inu price rallies 15%, but the dog smells like a smart money trap

Shiba Inu Price surges 15% during the London session. The Volume Profile Indicator shows an influx of transactions pouring in on intra-hour time frames. A daily close above $0.00001700 would add more confidence that the uptrend spike is a genuine start of the next rally.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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