The cryptocurrency market has been experiencing significant fluctuations, and several key assets are showing notable trends. As per Crypto Tony, a top analyst, Chainlink, Toncoin, Sui, and Injective are attracting attention due to their price movements and critical levels.
At press time, Chainlink (LINK) is priced at $13.65, with a 24-hour trading volume of $301,785,833. The asset has seen a decline of 5.69% in the last 24 hours.
Bitcoin Slips Below $65K: A Detailed Market Overview Amidst Crypto DeclineFor those looking to enter a position in Chainlink, reclaiming the $14.70 level is crucial. This threshold could provide a strong entry point. However, if this level is not reclaimed, it may be wise to hold off on any new positions for the time being.
Toncoin (TON) is priced at $7.20, with a trading volume of $260,656,673 over the last 24 hours. The cryptocurrency has experienced a slight dip of 0.69% in the same period. Traders are advised to consider entering a long position only if Toncoin surpasses the $7.70 mark. At this point, it may indicate a favorable entry. Until then, it is prudent to avoid taking new positions.
Sui (SUI) is trading at $0.8973, with a 24-hour trading volume of $170,458,510. Sui has seen a dip of 0.12% in the last 24 hours. The key level to watch for Sui is $0.92. Reclaiming this level could signal a re-entry opportunity for those previously stopped out. Monitoring this level closely is essential to capitalize on potential upward movements.
Injective (INJ) stands at $20.96 with a trading volume of $117,245,307 over the past 24 hours. The asset has fallen by 0.06% in the last 24 hours, showing strength in its current position.
Holding above the $19.20 level is crucial for Injective. Maintaining this level could indicate sustained bullish momentum.
