Dogecoin closed for the first time in 10 days on December 10 dropped to a low price. Memecoin extended its recent decline, falling for the third time in a row on the 7th. Overall, the cryptocurrency market was mostly bearish in today’s session, with him down 1.07% at the time of writing. Chainlink has fallen yet another notable token and he is currently trading down as much as 5%.
Dogecoin (DOGE)
Dogecoin (DOGE) fell to a 10-day low on Wednesday, the price fell for his third straight time.
Following Tuesday’s high of $0.101, DOGE/USD fell to an intraday low of $0.09519 early in today’s session.
As a result, Memecoin fell to its lowest point since November 28, when the price hit his $0.0907 bottom.
chart, it looks like the DOGE bears are hoping to recapture this level . This is also important support. point.
The move came as the 14-day Relative Strength Index (RSI) failed to stay above its own floor at the 54.00 mark.
The index is currently tracking 52.07 with the next visible support point at the 49.25 level.
Chainlink (LINK)
In addition to Dogecoin, another token to watch in today’s session is Chainlink (LINK).
LINK/USD fell to a low of $6.80 earlier in the day within 24 hours of trading at a peak of $7.29.
Similar to DOGE, today’s drop has pushed the world’s 20th largest token to its lowest point since November 28th.
At that time, the price hit a low of $6.53, just above the $6.50 low.
At the time of writing, the trader seems to be trying to bring his LINK back to this level. This happens when the RSI approaches its own lower bound. The
index tracks 46.89, which is approaching his 45.00 support point.
SUBSCRIBE HERE FOR WEEKLY PRICE ANALYSIS UPDATES IN YOUR INBOX:
IMAGE CREDITS: Shutterstock, Pixabay, Wiki Commons
