Chainlink

Avalanche

<p>These days the crypto market is slightly bearish with major coins trading in the red. Specifically, <a href="https://cryptodaily.co.uk/2023/11/bitcoin-is-the-sky-about-to-fall-on-our-heads" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> and Ethereum (ETH) shed about 1% in a week. However, market participants aren&#39;t losing their optimism regarding the possible approval of spot Bitcoin ETFs and the upcoming halving. Amid that, Bitcoin is still eyeing the $38,000 mark. Besides, the release of the US PCE Inflation Data with potential implications for the Fed monetary policy could impact market sentiment. Financial markets, including bitcoin and crypto, could benefit from confirmation of falling inflation.</p><p>A key event to watch is the launch of <a href="https://cryptodaily.co.uk/2023/10/chainlink-staking-v02-what-does-it-mean-for-link-investors" rel="noopener noreferrer nofollow">Chainlink&#39;s Staking v0.2 update</a>, scheduled for November 28, which is anticipated to positively influence the price of LINK, so it is worth keeping an eye on this coin in the coming days. Avalanche (AVAX), which received a $10 million boost from the ecosystem, is another coin with great potential. Furthermore, emerging projects like <a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;AVAXLINK" rel="noopener noreferrer nofollow">ScapesMania (MANIA) </a>are presenting attractive opportunities for astute investors.</p><h2 id="header-0">Ride The Wave Of Innovation With ScapesMania</h2><p>While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make <a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;AVAXLINK" rel="noopener noreferrer nofollow">ScapesMania</a> the next big thing in crypto. Presale discounts and stage bonuses only add to the project&#39;s appeal.</p><h2 id="header-1">Presale is Live Now - Join Now for a Chance to Benefit with MANIA</h2><p>Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.</p><p><a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;AVAXLINK" rel="noopener noreferrer nofollow">Presale is Live, Learn More About Major Benefits</a></p><h2 id="header-2">Avalanche (AVAX) Price Analysis</h2><p>The technical analysis of Avalanche (AVAX) presents a nuanced and cautiously optimistic outlook. As of the latest data, AVAX was trading around $20, marking a monthly increase of approximately 5.82%.</p><p>The oscillators for AVAX show a predominantly neutral stance. The Relative Strength Index (RSI) stands at 46.7, indicating a neutral market momentum. Similarly, the Stochastic %K at 21.9 and Awesome Oscillator at −0.73 exhibit neutral values. However, the Momentum indicator at -0.25 and the MACD Level at -0.10 lean towards a sell action, while the Bull Bear Power at 0.13 suggests a potential buying opportunity.</p><p>Conversely, the moving averages offer a more bullish perspective for Avalanche (AVAX). All key moving averages, including the 20-day SMA at $13.22 and the 100-day SMA at $12.55, are signaling a buy action. This consistent buy trend across the short, medium, and long-term moving averages indicates a strong positive sentiment for AVAX.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c7bb58c15f2b4074b273aea42f3a9559.png" /></p><h2 id="header-3">Avalanche (AVAX) Price Prediction</h2><p>The moving averages for Avalanche are predominantly signaling a buy action, which suggests a bullish trend. The 100-day Exponential Moving Average (EMA) at $19.5 and the 100-day Simple Moving Average (SMA) at $20.4 are indicating buy signals in the longer term. If AVAX can maintain its current momentum and break through the immediate resistance levels, which may be around the lower EMA and SMA values, such as the 50-day EMA at $20.57, it could see a significant upward movement.</p><p>While the moving averages are bullish, the oscillators present a more neutral view, with some indicators leaning towards a sell action. Specifically, the Momentum indicator at -0.25 is providing sell signals. AVAX is attempting to maintain support above the intersection of the 50-day and 100-day moving averages, with a strong area of support around the $13 price point. In a bearish scenario, the coin may decline to the immediate support at around $12.50, followed by $12.00.</p><h2 id="header-4">Chainlink (LINK) Price Analysis</h2><p>The bullish run of Chainlink (LINK) is driven by the upcoming Staking v0.2 update. As of the latest data, LINK was trading between $13.5 and $14.4, marking a monthly increase of a whopping 30.3%.</p><p>Most oscillators for LINK are steadily bullish. The Relative Strength Index (RSI) at 52.3 and the Bull Bear Power at 0.20 suggest a potential buying opportunity. Meanwhile, Average Directional Index (ADI) at 30, and Awesome Oscillator at −0.103 are showing neutral values.</p><p>Similarly, the moving averages offer a bullish perspective for Chainlink (LINK). All key moving averages, including the 20-day SMA at $14.10 and the 100-day SMA at $14.57, are signaling a buy action. There is a strong positive sentiment towards LINK, with the short, medium and long term moving averages all showing a consistent buy trend.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/a16d66a3cee047cebe0c3960ff8088b1.png" /></p><h2 id="header-5">Chainlink (LINK) Price Prediction</h2><p>The moving averages for Chainlink (LINK) are signaling a buy action. The 100-day EMA at $6.15 and the 100-day SMA at $6.12 provide buy signals in the longer term. If LINK can maintain its current momentum and break through the immediate resistance levels, which may be around the lower EMA and SMA values, such as the 50-day EMA at $6.05, it could see a significant upward movement.</p><p>While the moving averages are bullish, the oscillators present a more neutral view, with some indicators leaning towards a sell action. Specifically, the Momentum indicator at -0.10 is providing sell signals. LINK is attempting to maintain support above the intersection of the 50-day and 100-day moving averages, with a strong area of support around $12.3 point. In a bearish scenario, the coin may decline to the immediate support at around $10.1.</p><h2 id="header-6">Final Words</h2><p>The current state of the cryptocurrency market is characterized by a slight bearish trend, with major coins like Bitcoin and Ethereum experiencing minor losses. However, the market remains optimistic, fueled by expectations around the approval of spot bitcoin ETFs and the upcoming Bitcoin halving. The upcoming release of the US PCE Inflation Data also holds potential to influence market dynamics, especially if it signals a decline in inflation. While the broader market shows signs of caution, specific coins like Avalanche (AVAX) and Chainlink (LINK) present interesting opportunities for investors, with developments in the coming days likely to be crucial in determining their price trajectories.</p><p>Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.</p><p>RELATED TOPICS:  <a href="https://cryptodaily.co.uk/tag/altcoins" rel="noopener noreferrer nofollow">#ALTCOINS</a> <a href="https://cryptodaily.co.uk/tag/breaking-news" rel="noopener noreferrer nofollow">#BREAKING NEWS</a> <a href="https://cryptodaily.co.uk/tag/spotlight" rel="noopener noreferrer nofollow">#SPOTLIGHT</a></p>

Avalanche (AVAX) And Chainlink (LINK) On The Rise: Should You Jump On The Bandwagon?

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