Investors Attention: Chainlink and This Altcoin May Explode Soon, Here Are the Levels to Pay Attention to!

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Crypto The markets are currently in a minor consolidation phase. Because many crypto assets have fallen below their newly gained highs. Amidst the bearish pressure, some crypto assets such as Chainlink (LINK) and Avalanche (AVAX) are showing some signs of recovery. However, the bears currently have a huge dominance in the market. However, if the bulls show some strength, prices are likely to break out towards the next major resistance. This shows that there is volatility in the market and the prices of crypto assets can change at any time. Therefore, investors should carefully monitor this volatility of the market and implement appropriate risk management strategies.

Chainlink (LINK) Price Analysis

  • Chainlink The price is consolidating heavily above newly formed resistance-to-support levels, indicating increasing strength among the bulls.
  • However, DMI suggests that the token remains under consolidation between $19 and $23 for a few weeks as +Di and -Di could show a bearish trend, forcing the price to trade sideways.
  • Therefore, levels are likely to continue an upward consolidation. Then, it is likely to experience a bullish break above $25.
  • It’s also possible that declining volume may raise some concerns. This may also delay the breakout, but it may be unlikely that the token will trend downward.

Avalanche (AVAX) Price Analysis

  • Avalanche The price has been exhibiting sharp strength for a long time and is maintaining levels around gains.
  • Although the recent pullback has brought the levels down slightly, the bulls have managed to keep the price above the support. This suggests that a recovery may be fast approaching.
  • While the RSI is trying to trigger a recovery at average levels, the MACD is giving bearish signals. Therefore, AVAX price may either experience equal bullish or bearish pressure, or both are expected to remain dormant.
  • In both cases, the price may remain stationary with negligible volatility and initiate a reversal as selling pressure subsides.

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