DOGE approaches a breakout as RSI signals bullish momentum near $0.3193.
LINK sees whale accumulation and ascending channel momentum, aiming for $35 soon.
DOT breaks a long-term downtrend, targeting $30 after a falling wedge breakout.
Altcoin season is gaining momentum, and DOGE, LINK, and DOT are leading the charge. Dogecoin is fighting key resistance, Chainlink whales are buying big, and Polkadot is reversing a lengthy downtrend. These altcoins could be set for significant gains as the new year approaches.
Dogecoin (DOGE): Ready for a Breakout?
Source: Trading View
Dogecoin’s price sits at $0.3193, reflecting a 2.41% dip over the last day. Despite this drop, Dogecoin dominates the memecoin space with a market cap of $47 billion. On the 4-hour chart, Dogecoin shows a pullback phase forming a resistance trendline. Recent candles reveal higher price rejection, delaying a bullish breakout. The $0.3014 level has emerged as a critical support zone for DOGE. Encouragingly, the RSI shows a bullish divergence, suggesting a potential upward move.
Chainlink (LINK): Whale Activity Points to Growth
Source: Trading View
Chainlink dropped to $20 during a recent market sell-off. However, whales seized the moment, buying over $40 million worth of LINK. This shows confidence in Chainlink’s future potential. Investor interest is also rising, with trading volume jumping past $1 billion. The price chart reveals an ascending channel, showing higher highs and lows since November. A move above $25 could push LINK toward $35 and beyond in January. With the RSI at 45, there’s room for more upward momentum.
Polkadot (DOT): Reversing the Downtrend
Source: Trading View
Polkadot—DOT, recently broke a long-standing downtrend. Analysts note DOT holding a crucial support level, suggesting a possible reversal. Throughout 2021, DOT faced consistent declines with lower highs and lows. Recently, the price broke free from this pattern, signaling optimism. If Polkadot maintains its current strength, prices could climb toward $30 in the coming months. This breakout from a falling wedge pattern adds to the positive outlook for DOT.
DOGE faces resistance but hints at an imminent breakout. LINK gains momentum, driven by whale activity and strong trading volume.DOT reverses a prolonged downtrend, targeting $30 in the near future.
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