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Can Solana Break the $202 Resistance? SOL Traders Diversify with TON and LINK

Author: Content Editor
Solana has experienced significant gains in price, rising by 5.5% in 24 hours and 37% over the past month. Its value has surged by 365% in the past year. To maintain this momentum, Solana needs to surpass a key resistance level and if successful, a retest of that level could act as support, potentially leading to a target of $202.

Toncoin has recently seen a slight rally, but historical data suggests a drop below its one-year moving average, which is typical during bear markets. However, this price drop may present a good risk-reward opportunity for long-term investors. The volatility of Toncoin has decreased, leading some analysts to believe that the price may stay at its current level for some time, making it an attractive time to buy. If Toncoin reaches the Sigma8 target, investors could see strong returns.

Chainlink's price has seen a surge due to BlockTower Capital accumulating popular DeFi tokens. Although Chainlink was not directly acquired, this move indicates confidence in the DeFi space. Chainlink's role in the DeFi market has grown significantly, with a total value secured of $27.7 billion. Forbes has also recognized Chainlink's importance in creating unified records for businesses.

In summary, Solana has the potential to overcome its resistance level and Toncoin appears to be an appealing option for long-term investors. Meanwhile, Chainlink continues to thrive in the expanding DeFi market and remains at the forefront of this growth.

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