Crypto currencies have been on the move again as BTC aims to reach $36,000. Despite several attempts, BTC has yet to surpass $36,800. If support above $36,000 can be established, we may see new highs in altcoins. In fact, LINK Coin has already surpassed the $14 threshold and has more than doubled its gains in a short period of time.
TON Coin Reviews
TON Coin, which has been enjoying good days for a few months with support from Telegram, has joined the recent upward trend advantageously. While many cryptocurrencies like DOGE are lingering near their yearly lows, TON and many other cryptocurrencies were already targeting resistances and the increase in BTC price has been a major supportive factor for them.
Toncoin (TON) broke the $2.59 general resistance on November 8th. Bulls are still in control and the formed cup and handle pattern is targeting $4.03 in the medium term. However, closing above $2.59 may become more difficult if BTC experiences a possible pullback and bears accelerate their selling pressure.
In the short term, TON Coin investors should focus on maintaining the $2.59 level, otherwise the price could experience a decline to $2.31.
Chainlink (LINK) Reviews
LINK Coin once again emphasized its position as the strongest player in the RWA field after the Swift test. Despite alternatives, Chainlink monopolized the DeFi price feeds and has gained significant experience over the years. Bulls are currently hovering around $14.55 as a reward for closing above $13.50. The target of the ongoing rally is $15.
If the LINK Coin price continues to be supported by BTC’s rise, the current positive sentiment, combined with buyers’ appetite, could lead to a quick jump to $18. This range would take the gains to significant levels in the short term, and it is likely that we will see a reversal from resistance due to investors wanting to take profits.
A break below $13.50 would be an important sign to end the upward movement. If selling pressure continues, a test of $11.18 is possible. Losing the final support could trigger panic selling as it is still a profitable zone. As a result, we may witness a further decline to $9.5.
Of course, no one can predict the future and forecasts are often wrong.
