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Cryptocurrencies had a fantastic start to 2024, with long-term optimism justified following ETF approvals. While most experts anticipated a rise after spot Bitcoin ETFs, many also expected a significant sell-off event contrary to this optimism. After a deceptive drop, Bitcoin reached a record level of $73,777. So, what will happen in April?
LINK Coin Commentary
Indeed, we are starting to see world-leading figures, like the CEO of BlackRock, discuss Real World Assets (RWA) more frequently. We have long been explaining why Chainlink is a strong player in this field. Moreover, the utility of the LINK token has been enhanced thanks to its staking structure.
Let’s digress for a moment. Despite all the optimism and potential in the RWA space, could the interpretation of staking services as investment contracts, as seen with the Coinbase exchange, affect Chainlink in the coming period? This is a risk, and months later, we may remember questioning whether it could happen.
On the weekly chart, a significant portion of the gains has been erased. After peaking above $20.7, LINK Coin’s price fell back below $19. The decline is not surprising following two major FUD events this week.
If April is as positive as expected, LINK Coin could target a retest of the $23 peak with closures above $20.7. The real surge should start thereafter. In a potential rally, the $28.9 and $34 regions would be tested.
DOGE Price Prediction
Although Dogecoin significantly diverged positively this week, sales above $0.217 suggest a loss of momentum. If it rebounds, it could climb towards the $0.3 target after $0.23 and $0.27. DOGE is currently seeking buyers around the January 2022 area.
AVAX Price Prediction
Another attempt and failure. The silver lining for AVAX is that this time the failure occurred at a higher level. The rally was about to gain momentum when an unfortunate BTC drop spoiled everything.
Since the AVAX price remains above the $50 breakout area, all is not lost. If we see closures above $61 again, we could witness a new peak between $72 and $82.
