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BTC, ETH, DOGE, DOT and LINK Price Analysis for May 15

Price Predictions
Sat, 05/15/2021 - 14:35
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Denys Serhiichuk
Which crypto can follow the sharp growth of Polkadot (DOT) soon?
BTC, ETH, DOGE, DOT and LINK Price Analysis for May 15
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The weekend has begun with the decline of the cryptocurrency market as most of the top 10 coins are in the red zone. Cardano (ADA) and Polkadot (DOT) are the only exceptions to the rule.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has gone down by 2.30% over the last day.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Although Bitcoin's price (BTC) is far from setting new peaks, a short-term bounceback may occur as the coin is already oversold in small time frames.

Related
BTC, ETH, XRP, ADA and BNB Price Analysis for May 14

In addition, the selling trading volume is low, which means that the chances to see a test of the mirror level at $53,500 are quite high in the coming days.

Bitcoin is trading at $49,083 at press time.

ETH/USD

Ethereum (ETH) is also in the downtrend as its rate has gone down by 2% since yesterday. However, the price change over the last seven days is +8%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) is located in a wide sideways range. However, a short-term rise is much more likely than a decline as the selling trading volume keeps going down. If buyers manage to break the resistance at $4,200, there are high chances of seeing a price blast to new peaks at $4,500 and above.

Ethereum is trading at $3,910 at press time.

DOGE/USD

The rate of DOGE has remained the same over the past 24 hours.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

From the technical point of view, DOGE has made a false breakout of the $0.57 level. However, buyers are about to seize the initiative. In this case, if they can break the resistance, the possibility of reaching the next vital level at $0.69 increases.

DOGE is trading at $0.5259 at press time.

DOT/USD

Polkadot (DOT) is the biggest gainer today as its rate has rocketed by 12%.

DOT/USD chart by TradingView
DOT/USD chart by TradingView

The rise may not have ended as, after a test of the support at $42, DOT has successfully bounced off, having confirmed bulls' power. If the buying trading volume goes up and the coin fixes above $50, the next area around $55 might be achieved soon.

DOT is trading at $46.59 at press time.

LINK/USD

Chainlink (LINK) could not short the same growth as DOT as the rate of the popular altcoin has declined by 4%.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

The current picture is neither bullish nor bearish as the coin is located in a sideways trend. That is why the more likely scenario for the mid-term is trading in a range between $47 and $51.

LINK is trading at $43.60 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.