Altcoins Poised for a Bullish November Close: Here’s What Next for DOGE, SOL & LINK Prices
The post Altcoins Poised for a Bullish November Close: Here’s What Next for DOGE, SOL & LINK Prices appeared first on Coinpedia Fintech News
Dogecoin (DOGE) Price Analysis
- After rebounding from the lower support a couple of times, the DOGE price has been maintaining a steep upswing
- The price hit the crucial resistance at 0.618 FIB levels but failed to hold, causing the price to drop back to 0.5 FIB
- The token withstood massive bearish pressure as the buying volume soared, causing it to sustain above $0.077
- As the RSI is rising, the price is believed to rise back above 0.5 FIB levels and test the interim resistance at $0.085
- However, the volume remains lower than the previous one, which may hinder the progress of the rally in the coming days.
Solana (SOL) Price Analysis
- The SOL price after the breakout has maintained a healthy upswing in the short term and is currently trading sideways
- The current accumulation does not appear to prevail for long as the volume continues to maintain decent levels
- Besides, RSI continues to trade sideways, suggesting the price hovers within the same region for a while beyond which a breakout could be imminent
- Therefore, the SOL price is believed to maintain around $60 for a while, which may be followed by a minor pullback towards the lower support
- This move could attract significant liquidity, which may propel the SOL price close to $70 before the end of the year
Chainlink (LINK) Price Analysis
- Much like the previous one, the Chainlink price faced rejection after testing the multi-year descending trend line
- Regardless of the bearish move, the bulls are trying hard to hold the price above the crucial support at $12.91
- A daily close above $15 could validate the accomplishment of a retest, paving the way for a healthy rebound
- Moreover, the bearish divergence in the weekly RSI hints towards a minor pullback, probably close to $14, followed by a bullish rebound to $18 in the first few days of 2024.