Keep an eye on INJ, LINK, DOGE this August, says analyst

• Cryptocurrency trader identifies INJ, LINK, and DOGE as key assets for trading opportunities.
• INJ shows positive market movement, potential for upward trend.
• LINK experiences decline, potential for higher low if correction persists.

In his most recent technical analysis, esteemed cryptocurrency trader and analyst Michael van de Poppe has identified Injective , Chainlink , and Dogecoin as the key assets to monitor for lucrative trading opportunities throughout August. As per the expert’s assessment, these three alternative cryptocurrencies can yield significant profits for investors and traders.

According to van de Poppe, INJ, the initial cryptocurrency mentioned in his analysis, has demonstrated significant market movement in the past 6 months. As a result, he maintains a positive outlook on the altcoin and anticipates a potential continuation of its upward trend. Additionally, he highlights the presence of favorable momentum on INJ’s charts.

Regarding trade entries, van de Poppe stated that he intends to initiate a long position for INJ if its price falls below $5.40. Furthermore, he highlighted that a further decline below $7 could also be considered an opportunity for a long entry. Currently, CoinMarketCap data shows that INJ is being traded at $8.17, following a bullish trend that has persisted over the last 24 hours, resulting in a gain of 3.02%.

The following asset under the analyst’s scrutiny is LINK, as van de Poppe noted its prolonged accumulation phase. However, he highlighted that technical indicators indicate a negative trend for this altcoin. Consequently, van de Poppe speculates that LINK’s price might establish a higher low if the ongoing correction persists in the coming days.

At the time of writing, the price of LINK experienced a 2.12% decline over the past 24 hours, settling at $7.14. Additionally, the cryptocurrency witnessed a significant decrease of 22.63% in its daily trading volume. Consequently, the altcoin’s 24-hour trading volume amounted to $195,785,044.

Lastly, van de Poppe expressed his anticipation for DOGE’s price to establish a higher low, which he believes will initiate a rally for the meme coin. Regarding the entry point, the analyst disclosed that he considers $0.07 reasonable to enter a long position on DOGE, with a projected upward target of approximately $0.10.

DOGE, akin to INJ, experienced a 24-hour surge, witnessing a modest 0.74% increase. Consequently, the prominent meme coin was traded at $0.07452 at the reporting time.