This week, the prevailing sentiment is that the appetite for risk in the cryptocurrency markets will remain subdued. Currently, the direction of the market is bearish. However, upcoming statements from Powell and ETF flows, as well as data expected on Friday, will crystallize the investor psychology leading up to the events. The decline witnessed on September 22 signified the rapid evaporation of short-term gains across a variety of altcoins. Investors are closely watching the targets set for DOGE, SOL, ADA, and LINK coins as they anticipate potential movements.
DOGE and SOL Price Targets
In bull markets, many dream about what they could have gained by buying during the dip. For example, when looking back at the prices during the FTX collapse at the end of 2022, purchasing SOL Coin seemed like a wise decision. However, at that time, buying SOL Coin was a harrowing choice.
As for Dogecoin 
$0.10886 (DOGE), certain key levels have become ingrained in investors’ minds. The $0.254 level is highlighted as crucial for maintaining an upward momentum, though this base has been lost. Although we have not yet seen a close below it on a daily scale, the next hours are critical. DOGE dipped slightly below its $0.238 support and is attempting to recover. Should it manage to reclaim $0.254, the resistance level at $0.28 becomes the new target.
ADA and LINK Coin Perspectives
Chainlink 
$9 (LINK) exemplifies a category of altcoins characterized by investor apathy despite major partnerships and investments. Currently at $20.3, if LINK Coin can secure $22.16, it may revive hopes for a rise. The true momentum awaits a weekly close above $25.6. While LINK possesses potential for reaching new heights in a bull market, the market conditions present significant challenges.
As of yesterday, ADA Coin experienced significant whale sell-offs, lending credibility to Martinez’s warnings. Major investors often exhibit better market intuitive insights and understanding. For ADA Coin, trading below $0.83 is concerning for bulls, with potential sell-offs risking a dip to $0.77.
Liquidations Overview
In the past 24 hours, the cryptocurrency market experienced liquidations amounting to $1.8 billion. Open interest fell by 7% to $207 billion, with the scale of liquidations increasing eightfold from the previous day. The growth in long positions might indicate that investors, after such extensive liquidations, anticipate a rebound and seek “short-term” gains. However, new downturns could discourage them.
ETH is facing significant liquidations surpassing $527 million, falling to $4,181, a worrying level. Should ETH fail to return to $4,300, a descent to the breakout point at $3,900 is possible. BTC, SOL, XRP, DOGE, and PUMP are also prominent in the liquidation lists.
