Dogecoin, FTX Token, Chainlink Price Analysis: 10 May

Market leaders Bitcoin and Ethereum were yet to reclaim key levels post the massive liquidations, with BTC trading at around $31k and ETH at the $2,300-mark at the time of writing.  As a result, altcoins like Dogecoin, FTX token, and Chainlink gravitated toward their multi-monthly/yearly lows on 10 May.

Timeline of Dogecoin, Ftx-token, Chainlink

The FTX Token price analysis shows the token is bullish today. Bulls have made a significant recovery today after yesterday's price crash; even bulls have breached past the resistance present at 33.8.

While most of the popular tokens underwent huge price slashes, Dogecoin prices plummet less than Bitcoin or Ethereum manifesting a strong upward trajectory approaching very fast. The price recorded its consecutive 5th week close within the same descending trend. No doubt the present weekly trade also appears to have been dominated by the bears, yet …

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The Chainlink price analysis reveals the price has been trading low for the past few days as the bears have been putting efforts to remain at the lead. A downtrend has been observed today as well, as the price has been decreased to the $9.7 level as the bears have maintained their strength.

According to a tweet by Santiment, the Chainlink token dipped below the $10 mark for the first time in the last 18 months. At press time, the token stood at rank 28 at a price of $10.16.

Today's top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today,

The price of Chainlink (LINK) is in a downtrend as the cryptocurrency hovers above April 30 support. On April 30, Chainlink fell to the low of $10.66 and continued its sideways movement above the current support. The upward movement was staved off at the $12.28 resistance level.

The price of Dogecoin (DOGE) is in a downtrend, but the market reached bearish exhaustion when the altcoin fell to $0.124 on April 30. After the downward impulse on April 30, the cryptocurrency has consolidated above the current support.

Chainlink price analysis shows a strong bearish market sentiment as prices lose value to touch $10.06. There is a lot of selling pressure in the market as LINK prices are down by 4.97 percent in the last 24 hours.

The current cryptocurrency market is saturated with the constant introduction of new coins. The total amount of cryptocurrencies is more than 18000, and it will increase substantially in the coming future.