This week, the cryptocurrency market reveals different trends: Chainlink is on the rise, Solana is facing challenges, and BlockDAG has set a new funding record.
Chainlink Shows Signs of Growth
Chainlink's price is currently testing a critical area between $17.80 and $18.00. If LINK can break through this level, a rise towards $25 or even $30 is possible, according to analysts. The chart hints at a bullish inverse head and shoulders pattern, and buying activity remains steady, supporting a positive outlook. Data shows that 78% of LINK holders have held their assets for over a year, indicating long-term trust. Positive funding rates and increasing exchange outflows further bolster this trend.
Solana Under Pressure, Seeking Support
Solana is experiencing pressure after failing to hold above $180. The price is now below key averages and is stuck under resistance at $176. If buyers do not step in soon, SOL may test lower support near $170. A drop below that could lead to a fall towards $165. Both MACD and RSI signals on the hourly charts show weakness, suggesting that the downtrend could continue.
BlockDAG Attracts Attention with Record Funding
BlockDAG has been actively developing in the presale scene. In just one week, it raised $10 million, bringing the total funding to over $273 million. Currently, BlockDAG has sold more than 21.4 billion coins and onboarded over 170,000 participants. The rush to participate at $0.0020 before June 13 indicates serious interest, instilling optimism among investors.
In light of various trends in the cryptocurrency market, Chainlink demonstrates growth potential, while Solana encounters difficulties. Meanwhile, BlockDAG garners attention with significant financial achievements, making it an interesting subject to watch.
