- LINK faces resistance at $15.90 but shows strong support near $15.20 and $15.40.
- DOT’s volume surge by 43% signals bullish potential if $4.75 resistance is breached.
- NEAR’s choppy trend stabilizes with $3.00 support but struggles against $3.08 resistance.
The cryptocurrency market continues to evolve, with traders exploring altcoins like Chainlink (LINK), Polkadot (DOT), and NEAR Protocol (NEAR) as safer alternatives to highly volatile memecoins. These altcoins have gained attention due to their unique use cases, consistent growth, and active developer ecosystems. While memecoins often rely on social sentiment and hype, altcoins like LINK, DOT, and NEAR provide real-world value, which bolsters their appeal.
Chainlink (LINK): Price Movement and Key Levels
LINK’s price recently stood at $15.64, showing a slight daily decline of 0.14%. The day started with a rally to $15.85–$15.90 but later faced a dip to $15.20. However, the price quickly recovered to stabilize above $15.60.
Significantly, the $15.20 level emerged as strong intraday support, indicating substantial buying interest. Additionally, $15.40 served as a short-term support zone.
On the resistance side, $15.85–$15.90 posed a significant barrier, while $16.00 remains a key psychological level for further gains. Increasing 24-hour trading volume, up 16.01% to $381.17M, suggests growing interest in LINK, which could lead to heightened price swings.
Polkadot (DOT): Bullish Sentiment Amid Volume Surge
DOT showed resilience with a 1.07% daily gain, closing at $4.71. The 24-hour trading volume surged by 43.28%, reflecting renewed interest from traders. Key support levels included $4.66 and $4.68, where buyers actively defended the price.
However, resistance levels at $4.73 and $4.75 prevented further upward momentum. Despite the choppy price action, DOT’s formation of higher highs and higher lows signaled a short-term bullish trend. The increased volume suggests a potential continuation of this upward trajectory if resistance levels are breached.
NEAR Protocol (NEAR): Consolidation with Mixed Momentum
NEAR’s price hovered at $3.02, with a minor daily drop of 0.08%. The day’s trading activity showed a modest volume increase of 9.15%, reaching $165.51M. Support levels at $2.93–$2.95 and $3.00 played a crucial role in price stabilization.
Conversely, resistance zones at $3.07–$3.08 and $3.03–$3.04 limited upward movement. The overall price trend remained choppy, marked by a dip-and-recovery pattern. While NEAR’s momentum leaned neutral-bearish, breaking above resistance zones could shift sentiment toward bullish.
