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Crypto Overview: Bitcoin loses $64,000 – LINK, DOGE sustain gains
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FXStreet Forex & Commodities News
Emerging as top performers over the last 24 hours, Chainlink (LINK) and Dogecoin (DOGE) sustain gains, hinting at an extended recovery.
On the topside, immediate resistance is seen at the 50-day EMA near $64,583, followed by the descending trendline around $65,312, which caps the recent recovery attempts.
From a technical perspective, LINK holds above the 50% retracement of the downswing from $10.8700 to $6.9960, at $8.7204.
On the downside, initial support is seen at the 100-day EMA at $8.5304, backed by the 50-day EMA at $8.2944 ahead of the 23.6% retracement at $7.7627.
On the topside, immediate resistance is located at the 50-day EMA at $0.0743, followed by the 100-day EMA at $0.0815.