Chainlink and Cardano Show Signs of Strength
As the crypto market gains traction, analysts are closely watching two altcoins—Chainlink (LINK) and Cardano (ADA)—for potential bullish continuation.
Michaël van de Poppe highlights that LINK has shown a solid initial bounce, signaling a possible trend continuation.
He marks the current support zone as a crucial level, expecting the formation of a higher low, which could serve as a launchpad for further upward momentum in the coming weeks. The next target zone appears around the $19.77 mark.
Meanwhile, Ali Martinez draws attention to ADA‘s current structure. The token is trading within an ascending channel, and holding above the key $0.72 level could open the path to an upswing toward $0.92.
This bullish channel structure is typically viewed as a sign of healthy trend progression, provided support levels remain intact.
Both assets are showing early signs of resilience, and if current structures hold, they could be among the leaders of the next market leg up. As always, traders should monitor these zones closely and manage risk accordingly.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
