- Solana is forming a bullish “cup and handle” pattern, targeting a breakout above $220.
- Chainlink is showing a trend reversal against Bitcoin, with 400% potential upside if resistance breaks.
- Raydium completes a bullish Gartley pattern, eyeing a recovery move toward $3.75.
In a dynamic turn of events across the cryptocurrency market, major altcoins are flashing strong bullish signals as investor sentiment improves. Solana (SOL), Chainlink (LINK), and Raydium (RAY) delivered exceptional performance from yesterday to today because of rising market activity and chart indicators that signal positive developments.
Solana (SOL)
Solana (SOL) surged to $151.7, marking a 2.09% gain over the past 24 hours, according to CoinMarketCap data. The market capitalization value for SOL rose to $78.38 billion and experienced a 2.09% growth as its 24-hour trading volume increased by 26.33% to reach $2.64 billion during the period. Solana experienced an initial drop until prices stabilized below $144.8 before jumping back up to maintain continuous upward movement and reach close to its daily peak. The current total circulating supply of SOL reaches 599.46 million coins, and the system lacks a maximum limit, which encourages discussions about future inflation. Market participants show buoyancy because of powerful volume-to-market-cap ratios combined with technical indicators that point toward improvement of solana.
Source: CoinMarketCap
According to Ali, Solana (SOL) appears to be forming a highly bullish “cup and handle” pattern on the weekly chart, suggesting the potential for a major breakout. The respected technical indicator forecasts a substantial price increase when sellers fail to resist $220, although this level serves as the main operational barrier in continued uptrend expansion. Technical indicators support the idea that the downward pattern has completed its handle phase since beginning in mid-2022. Solana Currently trading at $149.07 after its 8.14% weekly growth and a successful breakout may propel the token toward future all-time high targets that exceed previous performance milestones.
Source: X
Chainlink (LINK)
Chainlink (LINK) rallied to $14.94, posting a 2.45% gain over the past 24 hours, fueled by a notable uptick in investor confidence. Information about cryptocurrency market capitalization shows a positive trend where it reached $9.78 billion at the same time the price value went up, while 24-hour trading volume grew 14.37% to $307.44 million, demonstrating rising market participation. LINK experienced a brief decline below $14.28 before beginning its ascent that reached $15.09 as its peak value on the day. Chainlink maintains market focus because of its 1 billion total token supply cap, along with its circulating LINK supply of approximately 657.09 million tokens.
Source: CoinMarketCap
According to Michaël van de Poppe, Chainlink (LINK) is undergoing a critical trend switch, signaling the early stages of a major bullish reversal against Bitcoin (BTC). LINK has experienced an elongated price decline followed by successive resistances at key barriers through the formation of higher highs and higher lows, which indicates rising market strength. The critical resistance zone at 0.0004480 BTC represents an important level for LINK price action, according to Michaël van de Poppe, who predicts a possible 400% increase to 0.0007950 BTC and possibly reaching 0.0006721 BTC. LINK remains close to resistance while traders continue their observation to verify an impressive breakout for future market validation.
Source: X
Raydium (RAY)
Raydium (RAY) advanced to $3.02 today, posting a 1.46% gain over the past 24 hours amid a dramatic surge in trading volume.RAY experienced shallow price movements after which it reached a low point at $2.77 early during the day before traders initiated robust buying activities that restored the price to a stable range near $3.00. The current liquidity strength of Raydium derives from its ‘total value locked (TVL) of $1.33 billion despite having ‘total supply of nearly 554.99 million RAY while maintaining ‘circulating supply of about 290.3 million’.
Source: CoinMarketCap
According to technical analyst Shelby Raydium (RAY) completed a harmonically upbeat pattern which indicates an ongoing powerful market recovery potentially reaching $3.75 levels. The Gartley pattern in the chart evolves into a textbook example signaling that an extended decline will reverse. RAY experienced a dramatic bounce after the D-point at $1.30 which led to its current price position at $3.09 due to enhanced bullish indicators. Analysts expect Raydium to test $3.75 within reaching time as buying pressure from the market remains active thus heralding a significant bullish recovery period following multiple months of decline. Traders are actively surveillance the market for additional verification signs as market-wide positive sentiment increases.
Source: X
