🔴$SOL $LINK $ARB HAVE MORE POTENTIAL TO RISE🔴
Solana
With the ongoing recovery rally, Solana is challenging a crucial supply zone at $185. The SOL price has increased by 2.49% today, forming a bullish engulfing candle. The daily price action shows a double bottom pattern with a neckline at $185, indicating potential for further gains. The recent higher price rejection on July 29th highlights significant overhead supply. If SOL breaks above $185, it could target the $200 psychological mark, with the 1.618 Fibonacci level at $223.
LINK
Despite a declining trend, Chainlink sustains above the $12 support zone, showing upside potential. The altcoin faces resistance from the dynamic 50D EMA. Improved broader market sentiments could lead to a breakout, with upcoming resistances at $16.75 and $21. LINK’s potential for a breakout rally makes it a top altcoin to consider buying.
Arbitrum shows significant potential for a bull run as active users on Ethereum layer-2 protocols increase. The growing RSI divergence and recent reversal from the 50D EMA approach the $0.61 support level. A double bottom reversal is possible, teasing a breakout run. If ARB breaks above the $1 psychological mark, it could surge to the 200D EMA at $1.11, making it a top altcoin to buy amid market pullback56.
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