- Hedera ($HBAR) faces resistance at $0.28, signaling selling pressure at higher levels.
- Sui ($SUI) maintains uptrend above $3.20, but resistance at $3.77 looms.
- Solana ($SOL) holds strong above $200, showing bullish strength amid corrections.
The altcoin market has moved quite a bit over the last 24 hours, with several coins showing notable ups and downs. Among the standouts are Hedera ($HBAR), Sui ($SUI), Solana ($SOL), Chainlink ($LINK), and Ondo ($ONDO), all attracting attention due to their price trends.
While Ethereum leads the market, these altcoins show interesting developments, particularly as they experience varying degrees of upward momentum and resistance.
Hedera ($HBAR) Faces Resistance at $0.28
Hedera ($HBAR) experienced a 2.3% rise in the last 24 hours, reaching a price of $0.2471. The coin’s price briefly touched a high of $0.2802 but faced resistance and retraced to its current position.
A key support level at $0.2248 marks the 24-hour low, with an additional support point near $0.2300. Though it saw a short-term uptrend, the failure to hold above $0.2802 suggests selling pressure near this resistance area.
Sui ($SUI) Shows Strong Uptrend, Faces Resistance at $3.77
Sui ($SUI) has posted a 5% increase, reaching $3.29 after hitting a high of $3.77. The price trend shows a notable upward movement, but it faced resistance at the $3.77 peak.
The pullback to $3.29 suggests selling pressure at higher levels, although the price remains above critical support levels at $3.20 and $3.01. This indicates that the short-term uptrend is still there, though a battle at higher resistance levels continues.
Solana ($SOL) Holds Above Key Support Level at $200
Solana ($SOL) rose by 3.5% over the last 24 hours, reaching $203.82 after testing the high of $219.30. However, it encountered resistance near $215, and the price dipped to $203.82.
The psychological support level at $200 is key, as it has held strong during market corrections. The price action suggests bullish strength as long as it remains above this level, hinting at potential for future upward movement.
Related: $SOL vs. $ETH: Could Solana Overtake Ethereum for the #2 Spot in Crypto?
Chainlink ($LINK) Recovers After Retracing to $19.57
Chainlink ($LINK) shows bullish behavior after rising to $22.00 before retreating to $19.57. The price faced selling pressure at higher levels, but the recovery from $18.30 suggests strong buying interest.
Clear support levels are at $18.30 and $19.00, signaling strong support for further price gains. If the price can break through the resistance at $22.00, it could set the stage for continued bullish momentum.
Ondo ($ONDO) Climbs to $1.44 Before Retracing to $1.31
Ondo ($ONDO) surged by 5.7% to a high of $1.44 falling back to $1.31. The price movement suggests some profit-taking at higher levels, with key support at $1.17 and $1.25.
Related: February Altcoin Surge: ETH, SNSY, ADA, ONDO, and ENA Make Analyst’s Top Picks
If the price stays above $1.25, it could find stability and try for another push upward.
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