Chainlink, VeChain and Dogecoin – European Wrap 9 December [Video]


Chainlink price is preparing for a move lower as its bullish momentum begins to wane. This downtrend, albeit bearish in the short term, will provide investors with an opportunity to accumulate LINK at a discount. It will also allow them to position themselves for a quick run-up to set higher highs.

https://www.tradingview.com/x/TWJv4F7I/

VeChain price has remained in a lull despite many altcoins’ remarkable recovery. The altcoin’s attempt to push through and produce a higher high was foiled, resulting in a retracement to an immediate support level. This correction to support will likely provide the platform for a recovery that will propel VET to pre-crash levels.

 

VET/USDT 4-hour chart

Analysts consider meme coins as indicators of the crypto market. A meme coin rally is indicative of an upcoming altcoin bull run. With Dogecoin dropping out of the top 10 cryptocurrencies, meme coin frenzy is likely to fade in the ongoing bull run. 

 

 

 

 



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