Schlagwort: crypto market

Key takeaways

• DOGE is one of the worst performers in the top 10 this week, down 17% in the last seven days.
• The bulls are defending the $0.20 psychological level amid a strong bearish price action.

DOGE down 17% this week

The cryptocurrency market has been extremely bearish this week, with Bitcoin dropping below the $110k mark on Thursday. Ether is also trading below $4k, while XRP is holding the $2.7 support level.

However, memecoins usually take the biggest hit. DOGE, the leading memecoin by market cap, is down 17% since the start of the week, making it the second-worst performer in the top 10, only behind Solana.

The bearish performance has seen DOGE’s price slip to the $0.225 level. If the bearish trend continues, DOGE risks dropping below the $0.20 level for the first time since August 6th.

$0.20 in focus as bearish sentiment grows stronger

The DOGE/USD 4-hour chart is bearish and inefficient as Dogecoin has lost 17% of its value since the start of the week. The coin could undergo further correction as Bitcoin and other major coins are in the red.

The RSI of 34 is below the neutral 50, indicating that DOGE is currently under heavy selling pressure. The MACD lines also flipped into the negative zone over the weekend, suggesting a strong bearish bias.

If the sell-off continues, DOGE could drop below the $0.20 support level for the first time this month. An extended bearish run would bring the Daily Inducement Liquidity (ILQ) at $0.189 into focus. 

However, if the bulls regain control of the market, DOGE could rally towards the first resistance level at $0.25. Surpassing the 4H ILQ at $0.25 would allow DOGE to surge towards the TLQ and major resistance level at $0.288. 

The market sentiment is currently bearish. The PCE data to be published later today could give traders an indication of the Fed’s move in its next policy meeting.

The post Dogecoin price prediction: DOGE bulls hold the $0.2 support level appeared first on CoinJournal.

• Chainlink (LINK) hovers near $22 with $21.30–$21.40 as key support.
• Analysts see $26 short-term and $31 long-term if resistance breaks.
• Strong $839M trading volume shows steady market participation.

Chainlink (LINK), currently trading around $21.77, has faced notable resistance near $22, prompting technical analysts to assess whether LINK can regain upward momentum and challenge higher price levels.

Notably, despite recent declines, market participation remains robust, underscoring the resilience of the cryptocurrency amid broader market volatility.

Chainlink (LINK) price testing key levels

In the short term, Chainlink (LINK) has been hovering between $21.30 and $21.40, forming an important support zone that traders are watching closely.

A rejection at the $22 pivot could push the price down toward the $20 support area, which remains a critical demand level.

Analysts note that sustaining strength above this range is essential for bulls seeking to regain momentum.

The asset briefly spiked above $21.80 in recent sessions but was met with selling pressure that pushed it back below the key resistance, reflecting the cautious sentiment of traders.

The trading volume has remained strong at approximately $839 million, suggesting that market interest is still active and not limited to thin liquidity.

This level of activity indicates that participants are ready to act on significant moves, which could set the stage for a decisive breakout if buying pressure increases.

Triangle pattern sparks optimism

Analyst Ali Martinez has highlighted a triangle pattern on Chainlink’s weekly chart, which lies between a symmetrical and ascending formation.

A dip to $16 on Chainlink $LINK would be a gift. This triangle breakout setup targets $100! pic.twitter.com/s69oqbMniB

— Ali (@ali_charts) September 25, 2025

The pattern shows converging trendlines, with the upper boundary acting as resistance and the lower trendline offering support.

Martinez suggests that a dip to $16 would create a favourable buying opportunity, pointing to this level as the 0.5 Fibonacci retracement mark.

Should the asset rebound from this support, a breakout from the triangle could push Chainlink toward a target of nearly $100, according to the 1.272 Fibonacci extension.

While the triangle pattern does not fit neatly into classic technical categories, it represents a period of consolidation that could precede a significant price movement.

Another analyst, Crypto Monkey, emphasised that a confirmed breakout above the $22 resistance level may open the path toward $26, while a failure to hold support could lead to a pullback.

$LINK

$22.00 is being tested now. If we reject then that opens a short for me down to the lows. If we get over as support then i will long. So either way here guys we have a play pic.twitter.com/iKBXA5wP2W

— Crypto Monkey (@LaCryptoMonkey) September 24, 2025

These observations highlight the importance of short-term price action in shaping the asset’s trajectory.

Long-term resistance and potential

Beyond immediate trading levels, Chainlink faces a long-term red diagonal resistance that has blocked multiple upward attempts since the 2021 peak.

Analyst MarketMaestro noted that overcoming this barrier is critical for sustaining a bullish trajectory, with $31 remaining the next major long-term target.

Holding above intermediate supports such as $17, $21, and $25 is essential to prevent deeper retracements and to maintain the conditions necessary for another rally.

$LINK
It failed to break the red diagonal resistance and got rejected pic.twitter.com/fG1Mxege5Z

— MarketMaestro (@MarketMaestro1) September 24, 2025

Despite these technical challenges, LINK’s fundamentals remain strong, supported by growing enterprise partnerships and increasing adoption across blockchain applications.

The combination of solid market interest, strategic technical levels, and a potential breakout pattern makes Chainlink (LINK) a focal point for both conservative investors seeking stability and technical traders looking for high-probability setups.

The post Chainlink price forecast: analysts hint at a possible breakout appeared first on CoinJournal.

Key takeaways

• Bitcoin is down 1% in the last 24 hours, dropping below the $112k level.
• The leading cryptocurrency is still holding its value above the $110k support ahead of tomorrow’s PCE data.

BTC dips below $112k as bearish sentiment grows stronger

The cryptocurrency market has been bearish this week, with Bitcoin and other major coins currently underperforming. Bitcoin reclaimed the $114k level on Wednesday but has given up the gains and is now trading below $112k level once again.

The negative performance comes as Fed officials cool expectations on further rate cuts before the end of the year. Chairman Jerome Powell has signaled a cautious approach to future rate cuts despite the Fed cutting rates by 25 basis points earlier this month.

Traders are also cautious ahead of tomorrow’s PCE data release. PCE is the Fed’s primary indicator for inflation and could help the apex bank decide whether to cut interest rates in its next FOMC meeting in October.

BTC could dip below $110k if the bearish trend continues

The BTC/USD 4-hour chart remains bullish and efficient despite Bitcoin losing 4% of its value over the last seven days. The technical indicators are, however, bearish thanks to the ongoing selloff.

The RSI of 38 shows that Bitcoin is heading into the oversold territory if the selloff continues. The MACD lines also crossed into the negative zone over the weekend, signalling a bearish momentum.

At the moment, BTC is trading at $111,793. If the bearish trend continues, BTC could drop below the $110k support level and retest the $107k region for the first time since August 31.

However, if the $110k support level holds and Bitcoin bounces, it could reclaim the first major resistance level at $114k over the coming hours or days. An extended bullish rally would see BTC hit the $118k resistance for the second time this month.

The post BTC holds the $110k support ahead of PCE data; Check forecast appeared first on CoinJournal.

Key takeaways

• PYTH is trading above $0.15 after adding more than 1% to its value.
• The cryptocurrency could rally higher with the launch of the Pyth Pro feature.

Pyth launches Pyth Pro

PYTH, the native coin of the Pyth network, is up by more than 1% in the last 24 hours, outperforming the broader crypto market in the process. The positive performance comes after the Pyth team announced the launch of Pyth Pro.

The team explained that Pyth Pro allows banks, brokers, and trading firms to access specialized data across every asset class and geography from a single source of truth. Pyth Pro provides coverage of over 2,000 feeds across crypto, equities, futures, ETFs, FX, commodities, and fixed income, the team added.  Its original product, Pyth Core, will continue to power DeFi applications while the various Pyth Pro tiers address different institutional finance requirements.

PYTH eyes $0.18 despite bearish price action

The PYTH/USD 4-hour chart is bearish and inefficient despite the coin performing well over the last 24 hours. The technical indicators are bearish but could soon switch bullish as the market slowly recovers from Monday’s slump.

The RSI of 45 shows that PYTH is not yet out of the bearish region, with the MACD lines also below the neutral zone. 

At press time, PYTH is trading at $0.153, up from the Monday low of $0.14. If the recovery continues, PYTH could surge to the nearest major resistance level at $0.18 over the coming hours or days. An extended rally would allow it to hit $0.20 for the first time this month.

However, if the bearish trend persists, PYTH could retest Monday’s low of $0.140 before dropping to the August low of $0.1085. The technical indicators are still bearish, which means sellers remain in control of the market.

The post Pyth price forecast: PYTH targets $0.18 as bullish pattern emerges appeared first on CoinJournal.