Chainlink, Dogecoin & Stellar Lumens — Asian Wrap 3 June

Chainlink price reveals new opportunity, as LINK could rally 40%

Chainlink price clarifies price structure after navigating a period of duress in the cryptocurrency complex. The price compression generated by the V-shaped recovery from the May 23 low has slowly been released in the form of a cup-with-handle base. If the broader market cooperates, LINK may capture a 37% move from the handle high.


Dogecoin price crushes resistance, pursues 20% gain

Dogecoin price combines two double-digit days to release from the descending channel that has governed price since May 8. The absence of overbought conditions on the daily or weekly Relative Strength Indexes (RSI) positions DOGE to build on the breakout towards the measured move target.

XLM Price Forecast: Stellar buy signal fades, at risk of 35% decline

XLM price is trending higher, but the channel’s lower trend line resistance combined with the weakness of the new rally leaves Stellar exposed to a sizeable decline if the market environment shifts negative. 200-day simple moving average (SMA) remains critical support for Stellar in the short term.