This article provides an analysis of current price levels and possible trading strategies for LINK, NEAR, and S(FTM) cryptocurrencies.
LINK Situation
LINK has recently broken below a flag pattern and found support at $23.1, rebounding to $23.2. The price is expected to test the resistance zone between $25.5 and $26.6, where investors could consider entering short positions. Take-profit targets can be set at $23, $21.8, and $21.1. A stop-loss should be placed at $26.65.
NEAR Analysis
NEAR followed the broader market decline, finding support around $2.35 and rebounding to $2.42. The price is forming a trading range, and investors may consider entering long positions at the market price or buying between $2.35 and $2.4. Take-profit targets can be set at the mid-range level of $2.67 and the upper resistance of $3. A stop-loss should be placed below the previous low at $2.29.
S(FTM) Overview
Recently, S has broken below a flag pattern, found support around $0.301, and rebounded. The price may continue its prior downtrend. Investors who have not entered can wait for a test of the resistance zone to enter short positions between $0.318 and $0.328. Take-profit targets can be set at $0.286, $0.2777, and $0.265. A stop-loss should be set between $0.339 and $0.343, depending on individual risk tolerance.
Market analysis shows variable price trends for LINK, NEAR, and S(FTM). Investors are advised to evaluate these support and resistance levels when making trading decisions.
