Ethereum struggled to touch the $ 4000 mark and was consolidating up 0.9%. However, some altcoins started to decline due to longer periods of lateral trading. For example, the DOT approached the low price of $ 28.94.
Chainlink, too, showed range-restricted price action and was trading near an immediate support level of $ 30.37 with chances of falling near its one-week low price level at $ 24.30.
ETH / USD, TradingViewEthereum price action has been consolidating with small gains of 0.9% in the last 24 hours. It was priced at $ 3,933.29. It collapsed above its high of $ 3,855.11, and a breakout with consolidation could propel Ethereum to revisit the multi-month high of $ 4,033.47.
Technical indicators, however, pointed out that the bearish price movement had not yet completely faded. Relative Strength Index it was positioned above the 60 mark, as the buying force remained bullish. MACD showed red bars on its histogram.
Awesome oscillator Flashing red signal bars indicating negative price action. If the bearish outlook is true, Ethereum would sink below $ 3,855.11 and trade near $ 3,387.08. Failure to stay above the $ 3,387.08 price level would push ETH to its one-week low of $ 2,946.43.
In other news, Twitter could allow Bitcoin and Ethereum to allow tips to be received via Tip jar characteristic.
The DOT traded in a limited range and fell 0.8%. It was trading at $ 32.70. The altcoin fell below its weekly high of $ 33.37. If the DOT price action remains solid for the next few trading sessions, the altcoin is likely to drop to $ 28.94.
If it doesn’t hold at $ 28.94, the DOT could drop to a four-week low of $ 25.22. Technical indicators looked bearish for the currency. MACD it underwent a bearish crossover and showed red bars on its histogram.
Awesome oscillator flashing red signal bars. Capital inflows declined as Chaikin money flow parked below the midline. If PUNTO reversed its price action to the upside, the overhead resistance was at $ 33.37, knocking it down, the DOT could target $ 34.41.
Chain link (LINK)
ENLACE fell 0.2% as it consolidated in the last 24 hours. The asset was priced at $ 30.54 and with a continued downtrend, LINK could drop to $ 30.37 and then $ 27.77. If LINK is unable to maintain its prices above $ 27.77, it could trade near its weekly low of $ 24.30.
The key indicators meant negative price action. MACD it showed red bars on its histogram. Awesome oscillator red signal bars also flashed.
Bollinger Bands remained tight, which means that price volatility will remain low during the next trading sessions. On the reverse, LINK could find resistance at its three-month high of $ 31.22 and attempt to retest the $ 32.22 price level.
Regarding recent developments, Bored Monkey Yacht Club initiated an adoption with Chainlink’s Verifiable Random Function (VRF) to provide airdrops on the platform. This integration could generate greater interest from investors.
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