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The cryptocurrency markets started the new year on a very positive note, but they have once again reminded us that continuous rises are not always the norm. This will not be the last time, and investors will eventually realize that just as the extreme sell-offs they experienced over the past 2 years did not last forever, prices do not always run in the opposite direction either. So, what are the current predictions for AVAX, DOGE, and LINK Coin?
AVAX Coin Future Outlook
Every attempt at a rise is reversed by sellers dumping their holdings for profit, which feeds off the short-term negativity in the overall market sentiment. Intense selling pressure pushed the price below the $31 support on January 22nd. This had been a target that had been drawing attention for days. Even though the bulls are trying to make a comeback above this region, the resistance at $34.32 could successfully prevent it.
If the price turns away from this resistance, we may witness AVAX setting a new low at $24. On the contrary, if the bulls succeed, the targets of $37.63 and $41 are expected to materialize.
Dogecoin Future Outlook
Although it tried to recover on January 20th, similar to AVAX, DOGE sellers stepped in. We have been talking about the never-ending appetite of DOGE sales among miners for months. When panic sales are added to this, the result becomes inevitable. The resistance at $0.09 could not be breached with the mentioned sales, and the price retreated to the strong support at $0.07.
If this support level is also lost (BTC should start a new decline to $34,000), targets of $0.06 and $0.05 will come into play. Conversely, if BTC starts seeking new highs and initiates a new assault to break the $50,000 barrier, DOGE’s price could surpass $0.11.
LINK Coin Future Outlook
A few hours ago, we touched on the expectations for the year 2024. Compared to most altcoins, LINK Coin seems to have an advantage this year due to its activity in the RWA field. However, its already high market value confronts us with the reality that it may not increase its price as much as expected.
Looking at the short-term price outlook, we see that the price fluctuating between $12.85 and $17.32 is seen as an opportunity for profit by investors who capitalize on volatility. A break from either of these two levels should start a journey to either $10.5 or above $20.
