LINK Is Retesting A Symmetrical Triangle Breakout And SOL Prepares For A Bullish Push – Forecast For LINK & SOL Prices

LINK is currently reassessing a key chart pattern, while SOL is gearing up for a potential upward move. Investors are watching closely to see how these digital assets will perform. This article delves into the price predictions for LINK and SOL, shedding light on their possible future trends.

Chainlink: 6-Month Surge Offsets Recent Short-Term Losses

Chainlink climbed 30.67% over the past six months, despite a 5.42% drop in the last month and a 7.82% weekly decline. The coin’s longer-term recovery contrasts with recent short-term retracements, reflecting a shift between strong gains earlier and modest pullbacks now. Price action shows steady improvement interrupted by minor corrections, highlighting evolving market interest in Chainlink.

Chainlink is trading between $11.05 and $16.83, with primary resistance at $20.14 and support at $8.57. A secondary barrier is at $25.92, with another support level around $2.79. Current indicators show neither bulls nor bears dominate clearly, as reflected by an RSI of 45.08 and slightly negative momentum. Traders might consider opportunities between these levels while awaiting more definitive directional cues.

Solana’s Recent Downturn and Key Support/Resistance Levels

Last month, Solana experienced a decline of around 10%, following a slide of nearly 8% over the last six months. This pattern highlights a period of ongoing weakness, with consistent price drops contributing to a lackluster market atmosphere. Although there have been minor recovery attempts recently, the overall trend remains downwards.

Currently, Solana is trading between approximately $98 and $166, with key levels defining potential market movements. Immediate support sits near $71, while resistance is found around $207, with additional resistance at $274. Bears currently dominate, indicated by a negative moving average and overall sentiment. Traders might consider waiting for entries near support for possible rebounds or looking to short near resistance levels for short-term opportunities.

Conclusion

LINK is showing potential as it retests its recent symmetrical triangle breakout. If it holds above this level, a significant upward move could follow. SOL looks ready for a bullish push as well, with technical indicators supporting a positive trend. Both LINK and SOL are positioned for gains if current patterns persist, signaling a promising outlook for these coins.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.