📈📉 APE and DOGE Crucial Levels to WATCH!
PLUS: LINK Looks Bullish!
Overview
Chart #1 - Crypto Total Market Cap (TOTAL) Daily
Chart #2 - Dogecoin (DOGEUSDT) Daily
Chart #3 - ApeCoin (APEUSDT) Daily
Chart #4 - Chainlink (LINKUSDT) Daily
Chart #5 - Fear and Greed Index
Chart #1 - Crypto Total Market Cap (TOTAL) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
The TOTAL is testing the $1.52 trillion range low level of resistance.
The market is oversold on the daily. If the $1.52 trillion resistance level can be breached, the next resistance lies between $1.58T - $1.60T, where the previous daily support line can be found, adding to the resistance.
However, if the market is rejected at the $1.52 trillion resistance, it could potentially drop down to retest the $1.46 trillion support level once more.
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Chart #2 - Dogecoin (DOGEUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
DOGE is currently on a very old support and resistance area.
The question is: will it bounce from here or continue its correction to the next local support at $0.072?
The next major support area is at $0.058, which will bring a great entry opportunity. For long-term traders, if in doubt, get a position, and later you will always have the ability to DCA to improve position sizing.
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Chart #3 - ApeCoin (APEUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
APE’s market cap is at $802 million, which doubled from the 23rd of January, possibly a precursor to strength when the bulls show up.
It rests on support and resistance at $1.32, with the next resistance at $2.00, followed by another at $2.80.
If Bitcoin continues down, APE may target the support below at $1.10.
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Chart #4 - Chainlink (LINKUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
LINK has showed bullish price action in recent weeks.
Currently, it's testing the lower end of the range at approximately $13.75. There's potential for upside in the coming weeks. The daily timeframe is oversold. If this support area holds, it could move upward to test resistance levels at approximately $17.00 - $18.25 or even the subsequent resistance at $21.30 - $23.00.
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 49 today, Neutral.
The highest the index has been over the past seven days is 56, and the lowest is 48.
Banter’s Take
The bulls have not appeared yet, and it's evident that the bears are in control as Bitcoin struggles to surpass $40,200. This raises the question of whether it will continue to $35,500, go deeper to the $32,000 area, or return to an upward trajectory without a significant correction, as observed since December 2022. The ascending triangle has everyone on edge.
Stay safe my friends!
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