WIF and MOG Drop as LINK price soars
Altcoins have seen major moves over the past week, with chain link (LINK) surged nearly 20% to reach its highest price since November 2021, driven by strong buying pressure.
In contrast, dogwifhat (WIF) has fallen 20%, falling below the $3 billion market capitalization threshold and approaching its lowest level since mid-November amid heavy bearish sentiment. Likewise, MOG is down 19%, slipping to eighth place among the largest meme coins and at risk of being overtaken by altcoins such as PEANUT and POPCAT.
Link(LINK)
Chain link price It surged nearly 20% in the past week to $30.94, its highest price since November 2021. The rally highlights strong buying pressure and renewed investor interest, putting LINK on track for further gains Altcoins If the momentum holds up.
The EMA lines show that LINK’s uptrend remains strong, while relative strength index 57 indicates good momentum and is not overbought. This suggests LINK has room for further growth, supporting the current bullish narrative.
if association After breaking the $31 resistance, a test of $35 may follow. However, if the trend reverses, the support levels at $27.4 and $22.4 may come into play, providing a buffer for further losses.
Dog Wihart(WIF)
wireless price It has fallen about 20% in the past week, falling below the $3 billion market capitalization threshold and currently stands at $2.65 billion. The decline reflected significant bearish pressure, pulling WIF to its lowest level since mid-November.
Although WIF is the fourth largest meme token, its position is still likely to be overtaken by BONK, as the market capitalization gap between them is only $400 million. Continued poor performance may cause this ranking to change in the short term.
WIF’s EMA line is bearish, with the short-term EMA below the long-term EMA, and the price is trading below all key levels. If the downtrend continues, WIF may test support at $2.5, with further losses potentially reaching $2.19.
MoG (MOG)
cat It has fallen 19% over the past week, slipping to eighth place among the largest meme coins. There is a risk of being surpassed by other companies Altcoins If the downtrend continues, like PEANUT and POPCAT.
MOG’s short-term EMA line is falling and may soon fall below the long-term EMA line, forming a death cross, which is a strong bearish indicator. This suggests that the current correction may deepen Altcoins.
If a death cross forms, MOG may test the support at $0.00000267 and could drop further to $0.0000020. However, a trend reversal could challenge the $0.0000033 resistance.
Disclaimer
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