Analysis News TheBitTimes.com

The Dogecoin price jumped over 4% in the last 24 hours to trade at $0.2632 as of 9:57 p.m. EST as investors start to accumulate the largest meme coin by market cap. As a result of the 24-hour gain, the DOGE price has been able to push its weekly performance into the green to over 1%. Dogecoin Price Trying To Escape A Consolidation Channel 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Dogecoin price is trying to escape above a medium-term consolidation channel between $0.2428 and $0.2647, GeckoTerminal data shows. Should the meme coin close a 4-hour candle above the upper boundary of this sideways range within the next 8 hours, it could start to climb towards the next major resistance at $0.2832. On the other hand, failure to establish a position above $0.2647 might lead to the continued oscillation within the sideways channel. In this alternative scenario, the Dogecoin price could end up testing the $0.2428 support. DOGE might then either rebound slightly or drop below ...

Despite its recent correction to kick off the New Year, the cryptocurrency market has plenty of optimism around Chainlink (LINK). LINK is recovering from a 13% dropoff to start the year, and analysts are bullish on the asset to rebound. Amid a crypto market recovery, LINK is currently outperforming Bitcoin and Solana (SOL). The incoming Trump administration has investors turning to popular coins on the market like DOGE, SOL, and BTC. LINK, however, is topping them all, with even AI aggregators predicting great performance ahead. OpenAI’s advanced ChatGPT-4o model offers a bullish outlook for Chainlink. Indeed, the software projects that LINK could trade between $30 and $35 by the end of Q1 2025, with the potential for further growth if key catalysts materialize. One of the biggest catalysts is expected to be the official inauguration of Donald Trump as the next US president. His support for cryptocurrency and plans to enact executive orders supporting digital assets as soon as possible...