Dogecoin, Cardano, and Chainlink Poised for Big Moves

The crypto market gained 1.99% over the last 24 hours, extending a 7-day rise of 8.76%. 

This action followed the application of Bitcoin and Solana ETFs by Morgan Stanley, which boosted institutional confidence. 

Bitcoin remained steady above $93,000, while Ethereum price hovered near $3,200. 

Altcoins also performed well. Dogecoin, Cardano, and Chainlink are currently looking at positive continuations. Market analysts anticipate the rising trends in case momentum continues.

Dogecoin Price Breaks Falling Wedge, Eyes $0.20 Surge

Dogecoin price traded at $0.1525 after gaining 2.6% in the past 24 hours, extending its weekly rally to 22%. The memecoin industry rose 4% to a market value of $51 billion, with a rise of 64% by PEPE and 18% by SHIB.

Such general energy further contributed to Dogecoin continuing its bullish run. Technically, DOGE emerged out of a falling wedge.

Analysts believe that there will be a short-term pullback and then a possibility of further breakout. Should the Long-term Dogecoin projection persist the future of the meme coin might soar to over $0.20 soon.

Support levels are being closely monitored by market participants for indications of further upside strength in the memecoin rally.

Cardano Price Prediction: Is ADA Set to Hit $0.50 Soon?

Dogecoin, Cardano, and Chainlink: Cardano price climbed 6% to $0.4274, confirming a falling wedge breakout on the daily chart. A retouching is being done in the present, which is an indication of further positive growth.

ADA has the potential to increase to $0.45 in the event the crypto market is bullish. The continuous purchasing trend can drive it to a high of $0.50.

The same can be said about Dogecoin and Chainlink, which are equally strong, and the technical indicators suggest new investor confidence. These assets are picking up as altcoins experience a revival throughout the crypto market.

Chainlink Price Jumps After SEC Approves First Spot LINK ETF

Chainlink price climbed 4.45% over the past 24 hours to reach $14.16, driven by rising institutional interest. Bitwise was approved by the SEC to list the first U.S. spot Chainlink ETF under the ticker CLNK on NYSE Arca, and Coinbase is the custodian.

In the meantime, Grayscale LINK fund that had reported inflows of $62 million, is pointers to investor confidence. 

On a technical level, LINK has regained important Fibonacci levels, which indicates a bullish breakout. Should the buying pressure continue, analysts predict a possible recovery to around $20 in the near future.

The cryptocurrency market as a whole also developed at this time, which was supported by the optimism of the ETFs across key digital assets.

What’s Next For Dogecoin, Cardano, and Chainlink Prices?

Dogecoin, Cardano, and Chainlink prices remain in bullish setups with strong momentum. Dogecoin price eyes bullish trend at $0.20, ADA at $0.50, and LINK at $20. 

Sentiment is still increasing with institutional inflows and approvals of ETFs. These altcoins have the potential to have a prolonged rally in the next days assuming that the levels of support are maintained.