Bitcoin

Dogecoin

April

Axie Infinity

Chainlink

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/crypto-market-analysis-heres-what-next-for-doge-link-axs-price/">Crypto Market Analysis: Here’s What Next For DOGE, LINK &amp; AXS Price</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto market experienced an upswing, with Bitcoin surging past $32,000 and major coins like DOGE, Chainlink, and Axie Infinity (AXS) making significant gains, igniting investor FOMO. Yet, despite these positive moves, the overall market saw a 2.2% dip over the last 24 hours, with a total valuation of around $1.29 trillion. This dip may signal an impending correction before the next bullish phase. Curious about how to navigate this potential downturn to your advantage? Keep reading!</p> 
<p>Prominent trader Ali Martinez is offering insights on potential trends for three significant coins.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-doge"><strong>Dogecoin (DOGE)</strong></h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> appears ready to start a new uptrend! <br><br>The TD Sequential presented a buy signal on <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> weekly chart. A sustained close above $0.062 could result in an upswing to $0.070. <a href="https://t.co/XAGjXHMiOe">pic.twitter.com/XAGjXHMiOe</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1715760772330963065?ref_src=twsrc%5Etfw">October 21, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Analyst Ali Martinez, in his tweet, expressed optimism about three coins with strong performance. To start with, he opted for the social media frenzy meme. Dogecoin (DOGE) is <a href="https://x.com/ali_charts/status/1715760772330963065?s=20">poised</a> for an upward swing. The TD Sequential indicator, a tool for signaling possible trend reversals, has flashed a buy signal on the weekly chart for DOGE. He suggests that if DOGE maintains a sustained close above $0.062, it could increase to $0.070.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We all know the game plan on <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> right <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4af.png" alt="💯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/KPnEGGh6NB">pic.twitter.com/KPnEGGh6NB</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1699013755856900419?ref_src=twsrc%5Etfw">September 5, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Echoing a similar sentiment, another analyst <a href="https://x.com/CryptoTony__/status/1699013755856900419?s=20">Crypto Tony</a>, with a large following on X, predicted last month a remarkable 159% price surge for Dogecoin (DOGE) by April 2024. Considering DOGE’s current price of $0.0656, he foresees the cryptocurrency reaching around $0.17 in that timeframe. As of the latest data, Dogecoin is trading at $0.066. What do you think a 159% surge is hypothetical for a meme coin?&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-chainlink-link-strong"><strong>Chainlink (LINK)</strong></h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Data from <a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw">@santimentfeed</a> shows that the last three times <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a> MVRV 30D surpassed 20%, <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> underwent a steep correction! <br><br>Notice that <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw">#LINK</a> MVRV 30D recently surpassed 20%, suggesting an imminent correction. <a href="https://t.co/CJ4ROy9EyK">pic.twitter.com/CJ4ROy9EyK</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1716211073517560190?ref_src=twsrc%5Etfw">October 22, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Moving to Chainlink (LINK), Martinez takes a more cautionary dip. He highlights the Market Value to Realized Value (MVRV) metric, which indicates a potential price dip for LINK. The MVRV ratio compares an asset’s current market cap to its realized value, pinpointing market tops and bottoms. Data from analytics platform Santiment reveals that when Chainlink’s MVRV 30-day exceeded 20% in the past, LINK experienced substantial corrections. LINK’s MVRV 30-day has breached the 20% mark, signaling a possible impending correction. On the flip side, Chainlink, the top altcoin, saw its LINK token price soar 60% to $11.</p> 
<h2 class="wp-block-heading" id="strong-axie-infinity-axs-strong"><strong>Axie Infinity (AXS)</strong></h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">With 98.67% of <a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AXS</a> holders "Out of the Money," <a href="https://twitter.com/hashtag/AxieInfinity?src=hash&amp;ref_src=twsrc%5Etfw">#AxieInfinity</a> is one of those altcoins that looks ready to pop! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f37e.png" alt="🍾" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/AXS?src=hash&amp;ref_src=twsrc%5Etfw">#AXS</a> investors are in disbelief, selling pressure has gotten exhausted, and an important support floor was created around $4. <a href="https://t.co/Ift5k2o5kH">pic.twitter.com/Ift5k2o5kH</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1716503016918974798?ref_src=twsrc%5Etfw">October 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In the realm of blockchain-based gaming, Axie Infinity (AXS) catches Martinez’s attention. The analyst notes that AXS seems poised for an upward surge, having successfully established support at $4. Martinez observes a remarkable 98.67% of AXS holders being ‘Out of the Money,’ indicating a potential bullish scenario. Furthermore, he points out that selling pressure appears to have waned, and a crucial support level has been established at around $4. As of now, AXS is valued at $4.70.</p> 
<p>These analyses offer valuable insights for traders and investors, highlighting potential trends and price movements for Dogecoin, Chainlink, and Axie Infinity. As always, market participants need to exercise caution and conduct their research before making any investment decisions.</p>

Crypto Market Analysis: Here’s What Next For DOGE, LINK & AXS Price

Table of Contents

CoinPedia News

Other articles published on Oct 25, 2023

BlackRock’s Spot ETF – A Key Driver to Push Bitcoin Beyond $100k

NAKA Goes Live: The First Non-Custodial Payment Card Fully Compatible With Traditional Payment In...

MATIC falls 5% as Polygon Labs activates next-gen POL token on Ethereum mainnet

Rising Cryptocurrency Bitcoin Minetrix Nears $2.5 Million In Token ICO - Best Crypto To Buy Now?

Google’s Gen-AI Models Set to Transform Snapdragon-Powered Smartphones

China bets big on new bonds to overcome economic hurdles

Join our free newsletter for daily crypto updates!