Bitcoin

Dogecoin

Chainlink

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-update-recovery-predictions-and-challenges" rel="noopener noreferrer nofollow">Crypto Market Update: Recovery, Predictions, and Challenges</a> 
Cryptocurrencies have had an eventful start to the new year, with <a href="https://en.bitcoinhaber.net/optimistic-bitcoin-forecast-120000-by-2024-end-says-standard-chartered-analyst" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) recovering to $42,000 after a sharp decline following ETF approval-triggered sales. Altcoins are also turning their trajectory upwards, with AVAX bulls pushing its price above $31, a crucial level before a potential drop. However, the 20-day EMA at $33.81 could pose resistance unless BTC’s daily close offers support.
If AVAX fails to maintain momentum, it could fall to $27.24 or even $24, erasing gains from the previous year’s impressive rally and jeopardizing the $100 target. Conversely, if $33.81 becomes support, the next significant goal is $38.
Dogecoin (DOGE) has been relatively stable even with BTC’s rallies, holding support at $0.07. A bounce is anticipated for an upward move, but DOGE has yet to make such an attempt. Losing this support could lead to a drop to the next support at $0.06.
The DOGE community needs to attract attention away from alternative meme coins, or it may not replicate its 2021 bull run performance, potentially saying goodbye at a lower peak of $0.3 without Elon Musk’s influence.
Chainlink (LINK) has been fluctuating between $12.85 and $17.32, pleasing short-term traders but leaving those waiting for a decisive break for mid-term trades restless. A clear direction is hard to determine, but a breakout from these price regions could lead to targets of $17.32 and $20, or a drop to $10.5 in the opposite scenario.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-update-recovery-predictions-and-challenges" rel="noopener noreferrer nofollow">Crypto Market Update: Recovery, Predictions, and Challenges</a></h5>

Crypto Market Update: Recovery, Predictions, and Challenges

BH NEWS

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