Hot Market News

🟢 Chainlink price yields 7% daily gain with bullish catalysts like whale accumulation and recent partnerships. LINK holders expect a negative impact on Chainlink price with $100 million worth of tokens hitting Binance. Chainlink community ambassador explains that the recent inflow of 70 million LINK tokens to exchanges is the scheduled token release. Source: fxstreet.com

🔴 Solana price remains trapped within a bearish technical formation after a rejection from the 21EMA at $19.51. SOL could fall 10% below the last lower high at around $17.29, potentially opening the drains for a prolonged downtrend. This outlook would be invalidated upon a decisive daily candlestick close above $20.23. Source: fxstreet.com

🔴 Ethereum price faced resistance near $1,650 against the US Dollar. ETH corrected gains but the $1,620 support might spark another upward movement. There was a break above a connecting bearish trend line with resistance near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $1,650 and $1,670. Source: newsbtc.com

🔥 🟢 Best period to invest in altcoins is 6-10 months prior to the Bitcoin halving, that's now; analyst says. Michaël van de Poppe says it is crucial for altcoins to start moving in this period. According to the value-based investing and trading expert, the current jump in altcoins is attributed to VCs pumping. He holds that getting the funding going on altcoins has nothing to do with any change in the market environment. Source: fxstreet.com

⚪️ Bitcoin price is holding the $26,400 support zone. BTC could gain bullish momentum if there is a close above the $27,000 resistance zone. There is a connecting bullish trend line forming with support near $26,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it settles above $26,850 and then $27,000. Source: newsbtc.com