{"id":16377,"date":"2022-05-10T16:27:10","date_gmt":"2022-05-10T16:27:10","guid":{"rendered":"https:\/\/egrowonline.com\/?p=16377"},"modified":"2022-05-10T16:27:10","modified_gmt":"2022-05-10T16:27:10","slug":"dogecoin-ftx-token-chainlink-price-analysis-10-may","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=16377","title":{"rendered":"Dogecoin, FTX Token, Chainlink Price Analysis: 10 May"},"content":{"rendered":"


\n<\/p>\n

\n

Market leaders Bitcoin and Ethereum were yet to reclaim key levels post the massive liquidations, with BTC trading at around $31k and ETH at the $2,300-mark at the time of writing.\u00a0<\/span><\/p>\n

As a result, altcoins like Dogecoin, FTX token, and Chainlink gravitated toward their multi-monthly\/yearly lows on 10 May. Unless the buyers negate the sell-offs by propelling high buying volumes, the market structure would continue to exhibit a bearish edge in the coming times.<\/span><\/p>\n

Dogecoin (DOGE)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Source: TradingView, DOGE\/USD<\/p>\n<\/div>\n

In the wake of market-wide liquidations, the sellers incited a strong pull on the chart after a rectangle bottom break. DOGE saw a nearly 25% drop in the last three days as it fell toward its six-month trendline support (white).<\/span><\/p>\n

Without a surprise, the recent bearish rally pulled the alt below its\u00a0<\/span>EMA ribbons.\u00a0<\/span><\/strong>The recent bounce back from its 13-month low on 10 May has opened doorways to short-term recovery. The $0.11-resistance is vital for the bulls to conquer and challenge the bonds of its EMA ribbons.<\/span><\/p>\n

At press time, DOGE traded at $0.1128. The <\/span>RSI<\/span><\/strong> sprung from the ashes of its oversold lows in the last few hours. A convincing close above the 42-mark resistance is still needed to test the equilibrium. To top it up, the\u00a0<\/span>MACD\u00a0<\/span><\/strong>lines reiterated a strong selling momentum.\u00a0<\/span><\/p>\n

FTX Token (FTT)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Source: TradingView, FTT\/USD<\/p>\n<\/div>\n

After an unrestrained month-long bearish run after the up-channel (yellow) breakdown, FTT rested on its nine-month baseline at the $30-level. This level propelled a reversal that halted at the seven-week trendline resistance (previous support).<\/span><\/p>\n

The <\/span>20 EMA<\/span><\/strong> (red) finally tilted from its steep southbound direction. But the <\/span>Supertrend<\/span><\/strong> continually stayed in the red zone while favoring the sellers for the last 40 days.<\/span><\/p>\n

At press time, FTT traded at $33.927, up by 2.9% in the last 24 hours. Despite the RSI\u2019s recent revival from its record lows, the <\/span>CMF\u00a0<\/span><\/strong>marked lower peaks over the past day. So, a pullback from the -0.13-mark could affirm a bearish divergence with the price action.<\/span><\/p>\n

Chainlink (LINK)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Source: TradingView, LINK\/USDT<\/p>\n<\/div>\n

After riding within a down-channel for nearly a month, LINK invalidated all bullish tendencies after breaking down from the $10-mark. The sellers kept finding fresher resting grounds only to poke its 16-month low on 10 May.<\/span><\/p>\n

With the bears taking almost full control of the current trend, LINK saw an over 35% correction in the last five days. As a consequence, they now flipped the lower fence of the <\/span>Pitchfork<\/span><\/strong>\u00a0from support to immediate resistance.<\/span><\/p>\n

At press time, LINK traded at $8.81. Unless the <\/span>Aroon up<\/span><\/strong> (yellow) notices a strong uptick and starts its northbound journey, the bulls could find it tricky to sustain a rally.<\/span><\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Market leaders Bitcoin and Ethereum were yet to reclaim key levels post the massive liquidations, with BTC trading at around $31k and ETH at the $2,300-mark at the time of writing.\u00a0 As a result, altcoins like Dogecoin, FTX token, and Chainlink gravitated toward their multi-monthly\/yearly lows on 10 May. Unless the buyers negate the sell-offs […]<\/p>\n","protected":false},"author":1,"featured_media":16378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[14,681,85,2258,195,452],"class_list":["post-16377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-analysis","tag-chainlink","tag-dogecoin","tag-ftx","tag-price","tag-token"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/Untitled-design-26-1000x600.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16377"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16377\/revisions"}],"predecessor-version":[{"id":16379,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16377\/revisions\/16379"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/16378"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16377"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}