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📈 Prediction (LINK and PEPE): 👍LINK/USDT - The coin's price has been fluctuating over the past few days, resulting in the token trading around $17.2 at the time of writing. It is expected that this downturn will continue due to various factors, including a decrease in investor participation. Over the last two weeks, the number of addresses conducting transactions on the network has decreased by almost 45%, from 5,560 to 3,070. The decline in network activity indicates a waning interest from investors. Forecast: From a technical standpoint, Chainlink is gearing up for another correction. On the daily chart, a "head and shoulders" pattern is forming, which is considered a bearish reversal formation. The neckline of the pattern is located at $17.85, providing support to the price, but a sustained close below this level could trigger a correction to $14.02, marking a 21% decline. However, a large accumulation of #LINK tokens purchased between $15.56 and $17.48 could halt the decline. As investors refrain from selling assets at a loss, this level could provide support to Chainlink. Nevertheless, the coin will need to establish itself above the $17.85 level to refute the bearish scenario. 😀 PEPE/USDT - Currently trading at $0.00000644, the coin is slightly above the crucial support line of $0.00000633. This boundary has remained steadfast over the past month. Judging by investors' bullish sentiment and positive signals from the Ichimoku cloud, which indicates a bullish trend when positioned below the candles, the token is poised for a potential rebound. This could drive the price above $0.00000826 and even towards a new all-time high of $0.00001000. However, if #PEPE breaches the current support level, it could trigger a correction, casting doubt on the bullish forecast and potentially leading to a decline to the next support level at $0.00000474. 📊 Please share this analysis with others.

📈 Prediction (LINK and PEPE):

👍LINK/USDT - The coin's price has been fluctuating over the past few days, resulting in the token trading around $17.2 at the time of writing. It is expected that this downturn will continue due to various factors, including a decrease in investor participation. Over the last two weeks, the number of addresses conducting transactions on the network has decreased by almost 45%, from 5,560 to 3,070. The decline in network activity indicates a waning interest from investors. Forecast: From a technical standpoint, Chainlink is gearing up for another correction. On the daily chart, a "head and shoulders" pattern is forming, which is considered a bearish reversal formation. The neckline of the pattern is located at $17.85, providing support to the price, but a sustained close below this level could trigger a correction to $14.02, marking a 21% decline. However, a large accumulation of #LINK tokens purchased between $15.56 and $17.48 could halt the decline. As investors refrain from selling assets at a loss, this level could provide support to Chainlink. Nevertheless, the coin will need to establish itself above the $17.85 level to refute the bearish scenario.

😀 PEPE/USDT - Currently trading at $0.00000644, the coin is slightly above the crucial support line of $0.00000633. This boundary has remained steadfast over the past month. Judging by investors' bullish sentiment and positive signals from the Ichimoku cloud, which indicates a bullish trend when positioned below the candles, the token is poised for a potential rebound. This could drive the price above $0.00000826 and even towards a new all-time high of $0.00001000. However, if #PEPE breaches the current support level, it could trigger a correction, casting doubt on the bullish forecast and potentially leading to a decline to the next support level at $0.00000474.

📊 Please share this analysis with others.

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📈 Prediction (SOL and LINK): 🖖 SOL/USDT - It may seem like things are going well for Solana's project token. Over the past month, SOL's price has twice hit yearly highs. However, from a historical perspective, the altcoin appears undervalued. Despite a high intraday return of over $1.20 million, Solana has failed to demonstrate an increase in its overall value in line with the Price-to-Sales (P/S) Ratio. As a result, the price may face bearish activity as it seems to be moving against the market trend already. Forecast: The price is nearing a breakthrough of the $172 support level, which could confirm the altcoin's "double top" pattern. This bearish technical analysis formation consists of two consecutive peaks at similar price levels, separated by a trough. It implies a potential trend reversal, indicating that the asset's price may decline, failing to break the resistance at the previous peak. Consequently, this often leads to a downward movement. At the moment, the current pattern suggests that the target for #SOL is set at $142. This implies a potential drop of 17.27% from the current price levels at the time of writing. However, if the $172 support level holds, #Solana may invalidate the bearish model and bounce back towards $190. 🤔 LINK/USDT - Forecast: The price is currently testing local support at $17.85, a bounce from which could propel the altcoin above the $18.73 resistance level. As the aforementioned supply volume enters the profitability zone, #LINK may continue to rise. However, losing the $17.85 support level could trigger a decline to the base at $16.95. This support has been tested multiple times in the past, and its breakthrough will lead to a rejection of the bullish scenario. In this case, the price may drop to $16.00. 👉 Please share the analysis with others.
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📈 Prediction (XRP and MATIC): 😁 XRP/USDT - The price of #XRP is recovering very slowly. Partly, this is due to the lack of interest from institutional investors: according to the report on fund flows into digital asset funds by CoinShares, in the last week, only $100,000 flowed into Ripple. For comparison, Litecoin, Polkadot, and BNB registered inflows of $4.4 million, $0.6 million, and $0.6 million respectively. Forecast: At the time of writing, XRP is trading above the Fibonacci correction level of 0.382, which coincides with the $0.60 mark. Its loss will lead to a drop to the 0.236 level at $0.55. The Ichimoku Cloud, a technical analysis tool that displays support/resistance levels, trend direction, and momentum, supports the development of such a scenario. Candles below the cloud are a clear bearish signal. However, if the 0.382 level turns into support, #Ripple will have a chance to break the Fibonacci 0.5 level at $0.64, making the bearish thesis invalid. 📊 MATIC/USDT - Forecast: #MATIC has been in a downtrend for almost a month now. If the altcoin manages to close above this trendline and successfully break it, considering the factors mentioned above, #Polygon can overcome the resistance level of $0.97. This will allow the price to reclaim the $1.00 barrier, ultimately enabling the cryptocurrency to surpass the $1.02 resistance level. Once it's breached, we can talk about a successful breakout from the downtrend. However, if this bullish breakthrough fails, MATIC will fall below support at $0.92 and reach $0.88. Losing this support level will result in abandoning the bullish scenario and the token dropping to $0.81. 🔍 Please share this review with others.
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