- Chainlink (LINK) risks falling to $10 or $7.50 if it fails to hold the $12.25 support zone as per analyst.
- SUI shows bullish potential with a $40 target, backed by technical patterns suggesting a breakout setup.
- HBAR sits at a pivotal point with unclear momentum, drawing attention to its support/resistance levels.
The current bearish market phase in broad crypto has pushed smart investors to invest in breakout tokens including Chainlink (LINK) and SUI together with Hedera Hashgraph (HBAR). Expert analysts predict that recent market declines of LINK at 2.52% as well as SUI at 2.77% and HBAR at 1.49% create favorable conditions for strategic investment acquisition.
Technical outlook signals possible market changes and correction potentials as these three coins currently hold strategic turning points. Time horizon should focus on these tokens as they have proven to be essential altcoins for buying during the market’s fall.
Chainlink (LINK)
Chainlink (LINK) experienced a decline of 2.52% in the past 24 hours, resulting in a market price of $12.41 beneath the general market declines. The LINK token lost market capitalization to $8.16 billion, yet daily trading activity plummeted 17.52% to $300.54 million, which implied short-term investors were pulling back. The early part of the day brought LINK to $12.74, then the price decreased steadily before ending with a big drop.
Source: Coinmarketcap
The analyst @ali_charts warns that Chainlink (LINK) assesses a potential threat in its current position near $12.25, which represents a vital breakdown point. The analyst backed his warning through a translated graphic post where he highlighted the importance of keeping LINK above $12.25 to achieve continued upward price movement. The analyst predicts LINK will tumble to $10 then $7.50 in case it breaks below $12.25.
Sui
SUI is trading at $2.15, marking a 2.77% drop in the past 24 hours, according to CoinMarketCap data. Trades for the token became highly unstable during the day as prices reached $2.22, then experienced steep losses in late afternoon. The market capitalization decreased to $7 billion with a 2.79% decline, and the 24-hour trading volume recorded a sharp drop of 19.33% at $880.48 million.
Source: Coinmarketcap
A recent tweet from popular crypto analyst group “Crypto ELITES” has sparked bullish sentiment in the SUI market, forecasting a mid-term price target of $40 for the SUI/USDT pair.A post suggests that SUI tokens currently present themselves as an attractive opportunity before breakout, given specific technical indicators show a rounded bottom shape indicating potential price increase.
Hedera HBAR
Hedera Hashgraph (HBAR) is trading at $0.1631 after a 1.49% decline over the past 24 hours, with bearish sentiment evident in late-day price action. Current investor sentiment appears to be declining because the market cap reached $6.88 billion with a 1.24% decrease while 24-hour trading volume dropped by 34.74% to $185.12 million. The daily trading showed initial increased prices at $0.168 before market participants started selling off their holdings.
Source : Coinmarketcap
According to Crypto Economy (EN), HBAR needs to overcome a key challenge as experts dispute whether the coin should resume its uptrend or continue with lower prices. Technicals show confusing signals on the chart per an update from the platform during a time when market momentum dipped. The trading price of $0.1631 for HBAR attracts increased focus while market participants watch the support and resistance zones because these levels may signal when the price will move up or descend further.
