Crypto analyst Tiago Amaral predicts that DOGE will soon turn bullish. The analyst also points higher for LINK Coin. Finally, the analyst predicts a clean run for TAO Coin.
DOGE price prediction: Will it rise 22% soon?
Dogecoin (DOGE) price EMA lines suggest that the Golden Cross, a bullish indicator where the short-term EMA crosses above the long-term EMA, could form soon. This potential crossover signals a continuation of the uptrend. Thus, it allows DOGE to test the resistance at $0.36. If it breaks this level, DOGE could target higher resistance levels at $0.387 and $0.415. This represents a potential price increase of 22.7%.
On the other hand, if the uptrend loses momentum and the market reverses, it could be a different story. In this case, the DOGE price is likely to test the immediate support at $0.30. Failure to hold this level could lead to a sharper decline and the next strong support of $0.26 could come into play. The Golden Cross needs to materialize for DOGE to resume its uptrend. Also, buyers need to push the price through critical resistance levels.
LINK price forecast: Will it get back $30 in January?
Chainlink (LINK) EMA lines point to the possibility of a Golden Cross forming soon. A golden cross is a bullish indication that occurs when a shorter-term EMA crosses above a longer-term EMA. If this Golden Cross materializes and the current uptrend continues, it is possible that LINK price could see significant upside momentum. LINK is likely to test resistance at $25.99. Also, a break above this level is likely to pave the way for further gains. Targets of $27.46 and potentially $30.94 imply significant growth for the asset.
On the other hand, the recent whale activity and high RSI suggest that the current volatility may not be entirely sustainable, leaving room for a potential reversal. If the uptrend stalls and selling pressure increases, it is possible that LINK could face a correction. In this case, a test of the immediate support at $21.32 would be in the cards. If this level fails to hold, the price could fall as low as $20.02.
TAO Coin price prediction: Another 25% gain for the token?
If the current uptrend strengthens further, TAO’s EMA lines suggest that a Golden Cross will form. This indicates that the upside momentum will continue. It is also likely to lead TAO Coin price to test the $565 resistance. If this level is broken, it is possible that the price will continue to rise towards $645. Therefore, this would represent a potential 25% price increase. Such a move would position TAO as the largest AI coin on the market, potentially overtaking RENDER and VIRTUAl.
On the other hand, if the uptrend loses momentum and fails to hold, TAO Coin faces a correction. In this scenario, the price is likely to test the support at $487 first. A break below this level would likely lead to a sharper decline. This would drop the TAO Coin price to $449, indicating a potential correction of 12.9%.
The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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