Companies like Chainlink, Solana, and NEO have all recorded various price movements over the past 24 hours. LINK hit a multi-month high after appreciating 2.5% while Solana was one of the biggest winners in the market.
In fact, the altcoin rebounded over 22%, eyeing its psychological price cap of $ 150. NEO, on the other hand, represented a consolidation and traded near a one-week high.
Chain link [LINK]
Chainlink’s chart showed an upward trend, with the altcoin rising 2.5% in the past 24 hours. The price level at the time of going to press marked a three-month high for crypto. Its immediate resistance was $ 31.77, the closest at $ 32.47.
Purchasing power remained consistently high as the Relative Strength Index was seen in the overbought area. Capital inflows have also increased since the beginning of September. Chaikin money flow reflected the same by staying above the half-line.
Bollinger bands diverged in the course of the price upswing. This indicated that price volatility could increase in the next trading sessions.
A flip down would mean LINK is resting at $ 27.77, but that has acted as a driving point for prices over the past month. If LINK falls below the above levels, it could trade near the USD 24.30 price support.
Solana was valued at $ 137.60 after rising 22.2% in the past 24 hours. The psychological resistance for SOL was $ 153.03. With further rallies, the alt could try to trade near the price spike above. The parameters radiated an extreme upward movement in the market.
Solana continues to hit all-time highs and remained overvalued at the time of writing. Relative Strength Index was well above 75. However, it could drop below this level if SOL loses momentum. Great oscillators green signal bars looked reinforced. Parabolic SAR also registered an uptrend with dotted lines below the candles.
A pullback would cause SOL to trade around the USD 125.95 support line and then at USD 99.92. In the past, the latter price level served as a kick-start point for the SOL price rallies.
NEO showed a consolidation on its 4-hour chart and also lost 0.7% of its value in the past 24 hours. It was trading at $ 55.96, which also caused NEO to hit its weekly high again. If NEO breaks the consolidation on the upside, it could plunge the $ 56.27 price resistance. Further up, NEO could attempt to hit the multi-month high of USD 61.77 again.
The buying pressure remained in the market and the Relative Strength Index rested near 60.
MACD continued to show green signal bars even though it appeared to have decreased in recent trading sessions. Finally, that Great oscillator pictured red signal bar.
NEO’s consolidated trading could push the price down to fall near the USD 49.45 support. The altcoin hasn’t fallen below the $ 49.45 price line in three weeks. Failing to hold above that level, NEO could climb to $ 41.16.