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The cryptocurrency markets had a weekend of gains, but $BTC is currently experiencing a pullback. Altcoins have started to move due to the continued increase in $BTC price. We have seen many cryptocurrencies surpass their resistance levels. So, what are the critical levels for the top 5 altcoins that are attracting the most attention? What price levels should investors be prepared for?
Solana ($SOL)
Solana ($SOL) price has started to rise after $BTC increased by over 25%, despite fears of selling off FTX assets. At the time of writing, the price of $SOL Coin has dropped to $28.5 but remains above the $27 resistance area. The target region is the next resistance area at $32. Closing above this level could lead to a test of $38-40.
In the event of a possible decline, it is important to maintain the $27.5 level. If this cannot be achieved, we may see a rally end with closings below $25.
$XRP Coin Analysis
$XRP recovered from the $0.46 support but failed to gain the expected momentum. The dismissal of the lawsuit against the executives was an important move. Investors who were waiting for the SEC to make a move do not seem very brave at the moment. However, if the $XRP price can surpass the $0.56 region, it can reach the peaks of $0.66 and $0.7. On the contrary, a decline to $0.49 and $0.46 can be targeted.
Chainlink ($LINK) Price Predictions
Chainlink plays an extremely important role in the crypto space, and as interest in tokenizing assets grows, $LINK Coin is also experiencing double-digit increases. Since its all-time high of $52, $LINK Coin investors have been going through tough times. The $9.4 level has become a barrier that bulls have been unable to overcome for a long time. At the time of writing, it has dropped to $9.25, but if $LINK can regain and close above the critical level, it can aim for $12-15 and $18. On the contrary, a drop to $5.5 can be expected.
Should You Buy Tellor ($TRB)?
Tellor ($TRB), a decentralized oracle protocol and an alternative to Chainlink, has benefited from the surge of interest in the RWA sector. $TRB/USDT has increased by over 600% from $9 to $70 in the past few months. If the rally continues, it can test $100. However, losses can be as fast as gains in a possible reversal. The $44 level stands out as a strong support area.
$INJ Coin Chart Analysis
Injective Protocol ($INJ) is among the best-performing cryptocurrencies this year. Its price has increased by 9 times in 2023 and continues to attract investors. Just like MATIC supported its price with good news at the right time last year, today $INJ Coin is doing something similar. At the time of writing, the price is at $8.94.
If the $9.5 resistance area can be surpassed, the price target in double digits can be achieved. However, if $BTC loses its support at $28,800, the price of $INJ Coin may also face the risk of dropping to $6.6.
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