- WOO, LINK, DOGE, FET, and OCEAN tokens are the cryptocurrencies to watch in September 2023.
- WOO token could rebound from $0.137 to its annual peak of $0.389.
- DOGE could rebound from $0.630 to the next resistance level at $0.0774.
As we usher in the first day of September, marking the commencement of the final quarter of 2023, we focus on the five cryptocurrencies that warrant scrutiny this month. Crypto enthusiasts should keep a keen eye on WOO, LINK, DOGE, FET, and OCEAN tokens based on particular factors.
WOO Network (WOO)
WOO Network serves as the utility token for the WOO Network, a comprehensive liquidity network that bridges traders, exchanges, institutions, and DeFi platforms. Users of the WOO Network utilize WOO for staking in both CeFi and DeFi offerings. The price movement of WOO indicates a potential rebound from a significant support level established at the close of Q1, 2023. This support level is approximately at the $0.137 mark, and a rebound from this point could propel WOO back to the $0.252 resistance level before advancing towards its annual peak of $0.389.
Chainlink (LINK)
Established in 2017, Chainlink provides a secure interface for blockchains to interact with external entities. Its native token, , currently holds the 21st spot on CoinMarketCap, boasting a market capitalization of $3.2 billion. Despite a downward trend since the final week of July, LINK is approaching a crucial support level. This support, set at $5.716 in June, could be a pivot point for LINK to register substantial gains in September. However, if it fails to capitalize on this, the token could descend to the next support level in the $5.00 range.
Dogecoin (DOGE)
, the native token of the premier meme cryptocurrency Dogecoin, is inspired by the well-known internet “doge” meme. After a recovery in August from a local low of $0.0561, DOGE’s price has experienced a decline, settling into a densely packed support zone around $0.630. Given Elon Musk’s association with this meme cryptocurrency and the continuous advancements on platform X (Twitter), cryptocurrency investors are closely monitoring DOGE. If it rebounds from the current support level, DOGE could aim for the next resistance level at $0.0774.
Fetch.ai (FET)
Fetch.ai , a leading artificial intelligence (AI) laboratory, operates a crypto economy driven by its proprietary digital currency, FET. Since June, FET has been trading within a narrow band, fluctuating between $0.1816 and $0.2565. Recently, the digital asset has shown considerable bullish momentum, testing the upper boundary of this trading range. A successful breakout above this threshold could pave the way for FET to ascend towards the $0.2903 mark.
Ocean Protocol (OCEAN)
Ocean Protocol enables individuals and entities to capitalize on their data via ERC-20 tokens. The platform’s inherent token, OCEAN, has demonstrated substantial bullish trends after rebounding from a recent low. OCEAN could challenge the next resistance level at $0.3561 if the upward trajectory persists. Surpassing this could propel it to reach $0.4180, marking a significant surge.
