Cryptocurrency market analysis shows Chainlink and altcoins testing key levels

Chainlink (LINK) has experienced a price decline of 2.07%, falling to approximately $11.31. This movement has placed the $11 psychological support level under scrutiny. Analysts suggest that a sustained break below this point could lead to $10.50, while maintaining support may allow for consolidation. For a recovery toward $20, LINK must first clear several resistance levels, including a daily reclaim and retest of the $13.20–$13.60 range, followed by targets near $14.50 and $17.20.

Other altcoins are also showing significant technical movements. Ondo Finance (ONDO) is challenging resistance near $0.5246 after breaking out of a descending channel; a successful move could target $0.589. Algorand (ALGO) is testing major resistance zones as it forms higher highs and higher lows along a rising trendline. Additionally, Injective (INJ) is showing rising momentum with a potential move above the $8.55 barrier.