The Dogecoin price remains in conflict as DOGE tries to establish a deviation in direction
The Dogecoin price lacks the will to establish a bias that can be seen in its price movement over the past two weeks. DOGE is likely to retest the immediate support level if it doesn’t break the overhead barrier.
Dogecoin price lacks momentum
The Dogecoin price received a gift from Elon Musk on December 14th that allowed it to go up about 42% in one day. That run-up prevented DOGE from suffering a catastrophic decline, but the cops were unable to sustain the massive run-up.
AVAX price is preparing for a correction of 25% as Avalanche is setting up a double top
AVAX price has formed a top reversal pattern suggesting that the uptrend is ending. While the cops try to evade that fate, Avalanche is likely to collapse soon.
AVAX price tracks lower lows
AVAX price hit two swing highs at $ 127.69 on November 30th and December 22nd, creating a double-top reversal pattern. This setup is often followed by a reversal of the uptrend. The bearish outlook will push Avalanche to the immediate support level at USD 101.49. This correction will represent a 17% downturn, but AVAX is not where AVAX will stop.
Terra’s LUNA faces extreme selling pressure at $ 105
Terraform Lab’s price action has had an impressive winning streak, hitting new all-time highs for the past four consecutive days. However, it is likely that there will be a pause in the upside momentum.
Terra hits $ 105, then a 29% drop to $ 75
The Terra price is extreme. From the Ichimoku perspective, the extremes are observed through the significant gaps between the Tenkan-Sen and the bodies of the daily candlesticks. Gaps between the candlestick bodies and the Tenkan-Sen do not last long and often resolve within four to six periods at the latest.
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