Based

Falcon 9

Dogecoin

Chainlink

Time

<p><strong>DOGE and LINK have been facing downtrends in the last week, with both coins experiencing a decrease in the price of 4% and 10% respectively. </strong></p> 
<p>Dogecoin is currently trading at $0.074 while Chainlink is hovering around the $7 mark. Based on our in-depth analysis, these entry levels could potentially present a golden opportunity for long-term gains. Let’s delve deeper into this.</p> 
<h2 class="wp-block-heading" id="link-a-potential-long-term-gain">LINK: A Potential Long-Term Gain</h2> 
<p>Chainlink’s price has bounced back from oversold levels (when RSI was &lt; 30) near the $5.00 support zone, back in June, and above the 200-day moving average (~$6.70), confirming a trend reversal. It then broke out of the Channel Up pattern but faced rejection at the strong $8.50 resistance zone, similar to the pattern observed in April and March.</p> 
<p>However, the nearest support level is at $6.00, followed by the $5.50 mark. If the price pulls back near the 200-day Moving Average, we could see LINK moving toward these levels. Even at the current $7.00 level, LINK represents an intriguing entry point for long-term profits, as we anticipate it to break its ATH from the previous bull run ($49).</p> 
<figure class="wp-block-image size-large"> <a href="https://captainaltcoin.com/go/coinstats-3/" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-1024x699.png" alt="" class="wp-image-304421" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-3-788x537.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"></a> 
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats</a></strong></em></p> 
<p>The RSI is currently over 55, which in the crypto world is a bullish indicator. This suggests that the market’s momentum is strong, and the asset is likely to continue its upward trend. The nearest resistance Zone is at $8.50.</p> 
<p>Beyond the technical indicators, Chainlink is a project that has piqued the interest of many investors in the industry. As one of the first networks to enable the integration of off-chain data into smart contracts, Chainlink is a collection of off-chain communication systems accessible by other blockchains. </p> 
<p>Designed to be blockchain agnostic, it can provide on-chain and real-world, external data to smart contracts on any blockchain network. Chainlink enhances smart contract capabilities by allowing access to real-world data and off-chain computing while maintaining the security and reliability guarantees intrinsic to blockchain technology.</p> 
<h2 class="wp-block-heading" id="doge-elon-musk-s-favorite-coin">DOGE: Elon Musk’s Favorite Coin</h2> 
<p>Dogecoin (DOGE), the popular meme coin, has extended its stay in bearish territory, falling by as much as 5% today. This decline saw DOGE drop to an intraday low at $0.07305, less than 24 hours after peaking at $0.07703. As a result, Dogecoin has fallen to its lowest level since July 24, the last time it was trading at the support level of $0.07. This decline is a result of the price strength falling below a floor of 51 RSI. The RSI is currently at a reading of 50, with DOGE trading at $0.0734, marginally above today’s bottom.</p> 
<figure class="wp-block-image size-large"> <a href="https://captainaltcoin.com/go/coinstats-3/" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-1024x699.png" alt="" class="wp-image-304429" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/08/chart-4-788x537.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"></a> 
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats</a></strong></em></p> 
<p>So, is it time to wait or buy DOGE now? The major support zone is at the $0.06 mark, and if the current bullish momentum continues in the next few days, we might see a rise and pump near this support level. However, DOGE has an entry-level at the $0.07 smaller support zone that looks promising for long-term gains. Our technical analysis team has set the<strong> price target for the next bull run at $1.</strong></p> 
<p>One reason to invest in Dogecoin is its devoted community. Dogecoin enthusiasts appreciate its self-mocking nature, and they have expanded its use cases beyond tipping, especially on Twitter. But let’s not forget that this is Elon Musk’s favorite coin, and history has shown us that he has big plans for DOGE. Musk has been a vocal supporter of Dogecoin, and his tweets have often influenced the price of the cryptocurrency. </p> 
<p>He has publicly revealed his plans to roll out peer-to-peer transactions with bank accounts and debit cards on the Dogecoin network. Musk has also been advising the developers behind Dogecoin since 2019. In 2021, he detailed plans to launch a satellite named “Doge-1” that would be funded entirely by Dogecoin. The satellite will be launched on SpaceX’s Falcon 9 rocket as a secondary payload. In the same year, Tesla began accepting Dogecoin as payment for merchandise.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    The Biggest Airdrop Of The Year Is About To Go Down – Join Now! 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Nansen" href="https://captainaltcoin.com/go/nansen/" data-shortcode="true">Nansen.ai</a> just secured $75M in funding, and their airdrop waitlist is live!</p> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> Arkham raised $12M, but their airdrop was worth up to $150K! Imagine how much could Nansen token rake in. Don’t miss out (make sure to verify your email after they send activation link – takes 10 minutes to arrive!</p> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join now: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Nansen" href="https://captainaltcoin.com/go/nansen/" data-shortcode="true">Nansen Airdrop Waitlist</a></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>Recently, Musk revealed new details about his payment plans for Twitter to Dogecoin founder Billy Markus. The report suggests that Musk is considering adding a payments system to Twitter, and Dogecoin could be a part of Twitter’s revenue stream. This could be a positive sign for the price from a long-term perspective.</p> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>Both DOGE and LINK are showing promising signs for potential investors. LINK, with its innovative off-chain data integration capabilities, is poised to break its previous ATH, making the current $7 level an attractive entry point. </p> 
<p>DOGE, on the other hand, is trading at a smaller support zone of $0.07, offering a promising long-term entry level. The coin’s strong community backing and Elon Musk’s continued support and plans for integration into real-world applications further bolster its potential for growth. While the crypto market’s volatility is always a factor to consider, the technical indicators and fundamental strengths of both these projects suggest that now might be an opportune time to consider investing.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-is-now-the-time-to-buy-doge-and-link-entry-levels-are-there-for-the-taking/">Why is Now the Time to Buy DOGE and LINK? Entry Levels are There for the Taking</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Now the Time to Buy DOGE and LINK? Entry Levels are There for the Taking

Table of Contents

CaptainAltcoin

Other articles published on Aug 3, 2023

Michael Saylor Says Politicians, Regulators, and Investors Endorse Bitcoin as Valuable Internatio...

Korean Financial Watchdog Warns Investors Against Crypto Scams

XRP Price Analysis: Is A Reversal Within A Wedge Enough To Refuel The XRP Price Rally?

XRP May Erase Its Monthly Gains if SEC Appeals the Verdict

Bitcoin Price Volatility Looms: $25K or $34K, What Next For BTC Price?

DigiToads presale draws Dogecoin holders, DOGE losing liquidity

Join our free newsletter for daily crypto updates!