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Chainlink (LINK) plummeted to an intraday low of $19.99 last Friday as sellers attempted to drive it below support levels. However, it recovered from this level to register an increase of 2.62% and settled at $23.38. Buyers attempted a recovery on Saturday as LINK rose to an intraday high of $24.92. However, LINK lost momentum after reaching this level, allowing sellers to take control. As a result, the price dropped 5.51% to $22.09 before registering a marginal drop on Sunday to end the weekend on a bearish note. LINK made a strong recovery on Monday, surging over 11% to $24.53. Buyers retained control on Tuesday as LINK rose to $25.42 after registering an increase of almost 4%. unnamed - 2024-12-30T231239.243.png However, it could not move past the 20-day SMA, allowing sellers to take control on Wednesday. As a result, LINK dropped almost 4% to $24.42. Selling pressure intensified on Thursday as LINK fell over 7% to $22.66. Buyers retained control on Friday as LINK dipped below $22 to settle at $21.54. The weekend began with LINK registering an increase of 2.02% and settling at $21.97. However, it was back in the red on Sunday, dropping almost 5% and settling at $20.94. The current session sees LINK up nearly 2% as it rebounds from the 50-day SMA.$LINK

Solana (SOL) is struggling to build momentum and reclaim $200, as it comes up against significant selling pressure at that level. SOL slipped below $200 on Thursday (December 19) when it dropped to $193. Sellers retained control on Friday as SOL dipped to an intraday low of $175 before recovering and settling at $194. However, bearish sentiment returned on Saturday as SOL fell almost 7% to $181. A marginal drop on Sunday took SOL to $180. SOL started the previous week on a very positive note, registering an increase of 5.30% to move to $189. Buyers retained control on Tuesday as the price rose to $197. unnamed - 2024-12-30T230607.665.png SOL could only manage a marginal increase on Wednesday, thanks to selling pressure around the $200 level. SOL was back in the red on Thursday dropping 4.57% to $188. Sellers retained control on Friday as the price continued to drop, falling to $184 after a decline of 2.24%. Buyers returned to the market on Saturday as SOL surged over 6% to $195. However, it was back in the red on Sunday, dropping almost 3% to end the weekend at $189. The current session sees SOL marginally down as buyers and sellers struggle to establish control.$SOL $ME

Solana (SOL) is struggling to build momentum and reclaim $200, as it comes up against significant selling pressure at that level. SOL slipped below $200 on Thursday (December 19) when it dropped to $193. Sellers retained control on Friday as SOL dipped to an intraday low of $175 before recovering and settling at $194. However, bearish sentiment returned on Saturday as SOL fell almost 7% to $181. A marginal drop on Sunday took SOL to $180. SOL started the previous week on a very positive note, registering an increase of 5.30% to move to $189. Buyers retained control on Tuesday as the price rose to $197. unnamed - 2024-12-30T230607.665.png SOL could only manage a marginal increase on Wednesday, thanks to selling pressure around the $200 level. SOL was back in the red on Thursday dropping 4.57% to $188. Sellers retained control on Friday as the price continued to drop, falling to $184 after a decline of 2.24%. Buyers returned to the market on Saturday as SOL surged over 6% to $195. However, it was back in the red on Sunday, dropping almost 3% to end the weekend at $189. The current session sees SOL marginally down as buyers and sellers struggle to establish control. $SOL

Can Chainlink breach the $29 target? Assessing…   After a red weekly chart, Chainlink [LINK] once again turned bullish as its daily chart turned green. Therefore, AMBCrypto dug deeper and assessed the token’s on-chain data to find where it can reach in 2025. Chainlink bulls are back in action! As per CoinMarketCap’s data, LINK’s price dropped by 1.2% in the last seven days. But LINK bulls stepped in the last 24 hours as the token’s value rose by more than 2.5%. At the time of writing, Chainlink was trading at $21.73 with a market capitalization of over $13.8 billion. Thanks to the latest price increase, over 478k LINK addresses were “in the money,” which accounted for nearly 68% of the total number of Chainlink addresses, as per IntoTheBlock.  However, the price hike in the last 24 hours didn’t have a positive impact on the token’s social metrics. Notably, LINK’s Weighted Sentiment declined sharply, which was a clear indication of rising bearish sentiment. Additionally, Chainlink’s Social Volume also declined last week, reflecting a dip in the token’s popularity.  Will LINK touch $50? While all this happened, World Of Charts, a popular crypto analyst, posted a tweet revealing that LINK was still trading within an optimistic range. Thus, the token may move towards $50 in the coming days. Therefore, AMBCrypto checked other datasets to find out the odds of LINK touching that level in the mid-term. The good news was that buying pressure on the token was starting to increase. This was evident from the rise in its supply outside of exchanges and the drop in its supply on exchanges. Moreover, Chainlink’s exchange outflow also spiked on the 26th of December, further hinting at a rise in buying pressure.   What’s next for LINK? Nonetheless, at the time of writing, Chainlink’s fear and greed index had a reading of 61%, meaning that the market was in a “greed” phase. Whenever that happens, it indicates that there are chances of a price correction. But technical indicators suggested that LINK’s price was about to touch the lower limit of the Bollinger Bands. If that happens, it can spark a bull rally. $LINK

Hey guys.  💡 As always on Monday we do a crypto market review.  This is the last review this year. I wish you a Happy New Year and wish you profits and fulfillment of wishes. 🕒 Last time we traded in the 96K and 3.35K bitcoin and ethereum zone respectively.  I mentioned that I expect the bounce to continue but before that we may see the removal of local lows in the form of a false breakdown. Last week was a narrow market due to vacations and vacation season. And quotes remained plus-minus at the same values continuing the sideways trend. The price of Bitcoin slightly decreased, while the price of Ethereum on the contrary rose.  🖋️Important zones saturated with liquidations, which can be tested and in case of breakdown can accelerate the movement.  Bitcoin - 91.5K and on top of that 98K. Ethereum - 3.25K and on top of 3.5K. 💰The ETFs market saw mixed dynamics in the past week and for bitcoin closed with a total netflow of -417 million and for ether looks better with a result of +142 million.  ⛓️ Onchain metrics analysis looks optimistic 📌Netflow on exchanges is negative, indicating withdrawal of coins for accumulation.  📌Coin reserves on CEX exchanges continue to decline, suggesting weak supply. 📌Open interest in derivatives continues to recover and is at high levels, which does not signal the end of the trend. 📌The index of miners' positions does not show a significant inflow of coins on CEX, which also reduces selling pressure. 🔄This week is short due to celebrations and there will be a narrow market🧊 with limited liquidity, which is not a good time to trade.  📊The scenario for a market bounce remains in place. One should keep in mind the possible removal of lows.   🛑The important support zones that should not be broken in bitcoin are 92-90K, in ethereum 2.9-3K. 🔍The important resistance zones that should be fixed above to continue growth in bitcoin are 96-98K, and in ethereum 3.5K. If this was useful, subscribe to not miss anything and give us a reaction 👍 $BTC $ETH