Crypto analysts are closely monitoring Polygon (MATIC) and Chainlink (LINK) as recent price actions test key support levels. CryptoJack, a prominent analyst on X, highlighted that MATIC has broken to the downside from its triangle pattern and emphasized the importance of maintaining support at $0.65 to remain bullish. A failure to hold this level could signal a significant price drop. Meanwhile, Crypto Tony shared insights on Chainlink, indicating plans to shed some of his long-term positions if LINK reaches $35, but for now, the price remains range-bound.
It is important to note that Polygon (MATIC) is trading at $0.6479, reflecting a -0.70% decline over the past 24 hours and an -8.32% decline over the past week. With a 24-hour trading volume of $285,150,088 and a market cap of $6,015,602,107, MATIC’s price movement is critical. CryptoJack’s analysis points to the importance of the $0.65 support level. If MATIC fails to respect this support, it could lead to a significant downward trend, highlighting the necessity for close monitoring by investors.
On the other hand, Chainlink (LINK) is priced at $15.96, experiencing a -0.30% decline in the last 24 hours and an -11.07% decline over the past seven days. With a 24-hour trading volume of $269,853,477 and a market cap of $9,373,981,702, LINK remains a significant player in the market.
Crypto Altseason Predictions Heat Up as Market Sentiment ShiftsCrypto Tony’s recent analysis indicates that while LINK remains in a range-bound state, he plans to shed some of his long-term positions if the price reaches $35. This strategic move underscores the importance of tracking LINK’s price movements for potential shifts in trading strategy.
A recent report by CryptoTale shows Chainlink (LINK) has solidified its status as the top project in the real-world asset sector, showcasing the highest non-redundant GitHub activity over the past 30 days. This analysis underscores Chainlink’s relentless innovation and development, significantly surpassing other notable projects such as Maker, Oraichain, and IX Swap.
