**Cardano Surges Past $0.62, Eyes $0.705; Chainlink Tests $13.50, Avalanche Aims for $21.50**
Cardano has successfully reclaimed the $0.62 mark and could potentially reach $0.705 if it breaks through the resistance levels between $0.69 and $0.71. Meanwhile, Chainlink is currently testing the $13.50 threshold; a breakout accompanied by strong volume could propel it to $14.20 in the upcoming trading sessions. Avalanche has bounced back from the $19 level and is now targeting $21.50 to confirm its momentum toward the projected $22.75 level.
In the past 24 hours, three cryptocurrencies—Cardano (ADA), Chainlink (LINK), and Avalanche (AVAX)—have shown positive movements. Despite facing broader downward trends through 2025, each token is nearing short-term resistance areas that could dictate their next moves. Cardano is currently priced at $0.6565, reflecting a 5.24% gain in a single trading session. However, ADA is still down 22.23% year-to-date, although it has risen 88.23% over the last six months. The asset has recently regained the $0.62 level, which is now seen as a potential short-term support base. Analysts have mixed opinions on the outlook.
Traders are viewing the current price range as aligning with a Wyckoff accumulation pattern, where consistent buying below resistance could facilitate a breakout. Conversely, some analysts are concerned about a potential head-and-shoulders formation that could lead to a deeper pullback if the neckline is breached. Momentum indicators like the RSI and MACD are currently situated between neutral and slightly bullish territory. Volume has increased during this latest recovery, lending credence to the possibility of continued upward movement. ADA is approaching resistance between $0.69 and $0.71; if it can clear this range and maintain its position, a move toward $0.705 is anticipated within the next four trading days, assuming support at $0.56 holds firm.
Chainlink is trading at $13.11, marking a 3.70% increase in the last 24 hours. However, it remains under a broader downtrend, with a 34.38% loss year-to-date and a 25.33% decline since last April. A recent bounce from the $12.50 support zone indicates a brief attempt to regain upward momentum. LINK is currently testing the lower end of a previous downtrend channel, with significant resistance around $13.50. If LINK can break through this level with increasing volume, price targets could extend to $14.20 and possibly $15.10. Current RSI readings indicate mild bullish momentum, and a moderate increase in volume supports the accumulation narrative. If LINK fails to maintain levels above $12.70, it could revisit $11.58, where buyers have previously stepped in. In the short term, LINK may reach $14.05 within the next four days, provided it stays above $12.90 and breaks through $13.50 decisively.
Avalanche is currently priced at $20.19 after a 5.60% gain today and an 11.17% increase over the past week. Despite these recent gains, the token still reflects a downtrend, with a 43.31% decline year-to-date and a 56.11% drop over the past year. Recent price movements show AVAX bouncing back from below $19, a key technical support level. It is now approaching resistance near $21.50, with another barrier at $24.00. Volume has increased alongside these movements, suggesting a potential shift in momentum.
