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Reading: Cryptocurrency Market Stirs Enthusiasm as Bitcoin Holds Strong
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COINTURK NEWS > Technical Analysis > Cryptocurrency Market Stirs Enthusiasm as Bitcoin Holds Strong
Technical Analysis

Cryptocurrency Market Stirs Enthusiasm as Bitcoin Holds Strong

In Brief

  • Cryptocurrencies maintain strengths compared to late 2025 levels.

  • Cardano's anticipated progress remains unfulfilled, leaving investors discouraged.

  • Chainlink's previous highs are unreachable without Bitcoin's resurgence.

Ömer Ergin
Ömer Ergin 3 months ago
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Contents
ENA Coin and Cardano (ADA)Chainlink (LINK)

As we close out the third week of January, cryptocurrencies are persevering in their robust performance compared to the last quarter of 2025. Bitcoin maintaining its value at $95,000 right before Monday instills positive sentiment. Despite a significant decrease in trading volumes, the steadfastness of the $94,000 support level continues to fuel the bulls’ optimism for the coming week. But what are the forecasts for ADA, LINK, and ENA Coin?

ENA Coin and Cardano (ADA)

Cardano, despite being one of the top altcoins by market cap, considerably lags behind its rivals in terms of network activity. The much-anticipated progress from Charles Hoskinson and his team has not been realized, leaving investors disillusioned. Being one of the most established cryptocurrencies and having a U.S.-based foundation provides some advantages, yet these are insufficient to bridge the gap.

ADA Coin, which was below $0.4 at the day’s start, experienced a threefold increase following Trump’s election victory towards the end of 2024. However, debates surrounding tariffs rolled it back to the $0.518 support level, which was eventually breached in the October 10 crash. Currently, ADA is striving to reclaim $0.428, hovering just above the ascent’s starting support level of $0.344. While Bitcoin enjoyed far better days compared to November, Cardano faced deterioration during this period.

Should the upcoming tariff-related decisions favor us, we anticipate the price to break resistance and reclaim the rising base at $0.518. Subsequently, the target will be the $1 psychological barrier.

Today’s focus was on the popular altcoin ENA due to its short-term potential. Analyst Martinez suggested the potential testing of $0.195, offering a promising buying opportunity if support is sustained. Should this pullback occur, Ali Martinez, a potential buyer, will monitor whether the price rises towards the triangle’s resistance zone.

Chainlink (LINK)

The upward trend starting from the $13 support began and ended swiftly. Following sales at $14.3, LINK Coin fell below $14 and has been moving laterally for several days. Demand in the ETF channel remains weak, and investors are still not impressed by Chainlink’s agreements. Unless Bitcoin returns to six-figure levels, LINK Coin will not reach its previous highs.

The liquidity withdrawal from altcoins over the months has weakened LINK Coin and its peers. For a genuine rally to materialize this year, the break past $18.5 must occur with substantial volume.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 18 January, 2026 - 9:53 pm 18 January, 2026 - 9:53 pm
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