A much-followed crypto analyst keeps his followers updated on the state of Dogecoin (DOGE), Chainlink (LINK), and Bitcoin (BTC).
Pseudonymous crypto trader Rekt Capital tells are 349,600 Twitter followers that the Shiba Inu (SHIB) rival DOGE could see a downward continuation.
“Arguments can be made for DOGE to return to the lower reaches of the descending channel
Until DOGE is able to close above the channel high on a weekly basis, the price may see a downward continuation as in previous periods (orange).
DOGE is worth $0.076 at the time of writing.
Diving into the blockchain oracle Chainlink, the analyst say LINK is trying to break the downtrend, but seems to be facing resistance for now.
“LINK is challenging the Macro Downtrend for a breakout for the second time in weeks
However, LINK seems to decline for now.
At the time of writing, LINK is trading at $7.67, down 2.3% in the last 24 hours.
Looking at king crypto BTC, Rekt Capital miracles if Bitcoin can hold its current price level through the end of the week.
“BTC is still holding just above the ~$29,250 level after experiencing strong rejection recently
Can BTC stay here until the end of the week, in time for the Weekly Close?”
BTC is currently trading at $29,476.
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Featured image: Shutterstock/Photobank.kiev.ua