Chainlink (LINK) and Raydium (RAY) are showing signs of a potential breakout as bulls aim to regain control in the market. While Bitcoin, Ethereum, and Solana have slightly declined, LINK has surged almost 4% and reached highs of $12.06. Despite a retreat from this level, the price of LINK remains near a key resistance line at $12.00, which could serve as an important level for buyers. If bulls gain momentum, there is potential for a retest of the upper resistance line and a new multi-month high. Meanwhile, RAY has reached its highest price since April 2022, with a spike to $3.15. The token's value has increased by nearly 30% in the past week and around 80% in 30 days. Increased trading volume and a recent breakout point suggest that RAY may continue to rise to new multi-year highs. On the other hand, Pendle (PENDLE) has declined 6% in the past 24 hours, but it remains up over 9% in the past week and has seen significant growth in the past year. As a top yield tokenization protocol, Pendle has gained popularity in the DeFi sector. The price of PENDLE is currently hovering near a critical support level, and a breakout above $5.13 could lead to a rally towards year-to-date highs around $7.50.
- Content Editor ( invezz.com )
- 2024-10-25
LINK and Raydium (RAY) lead altcoins as PENDLE pares gains