đ„ According to GNCrypto Analytics: Weekly Analysis of $OP , $TRX , $LINK
Since reaching its all-time high of $4.86, OP has corrected by 62%. Currently, the token is fluctuating within a sideways range between the support levels of $1.78 and $2.07 and the resistance levels of $2.75â$3.00. Given its history of setting new lows, Optimism is still facing pressure from sellers.
For buyers to reverse the negative trend, they need to sustainably break above the $2.75â$3.00 resistance zone and test the $3.41 mark.
Discussing a potential uptrend for OP is premature until these developments occur.
TRX is currently in a downtrend, with a key support range holding at $0.105 to $0.107, which is currently preventing further declines. If sellers continue to dominate, the coin could fall to the psychological support of $0.1.
To initiate an upward trend, Tron needs to break and hold above the resistance level of $0.126. This upward movement is likely contingent on the performance of BTC, due to the high correlation between TRX and the primary cryptocurrency.
LINK's price is moving sideways, confined between the support range of $11.8 to $13.5 and the resistance zone of $16.20 to $17.75. Breaking through this resistance zone is critical for LINK to resume an upward trajectory.
If buyers cannot achieve this, Chainlink's next resistance target is $19.50. Given the volatility of BTC, further corrections are possible, potentially pushing LINK down toward a support level of $10.5.
