Chainlink, Solana, NEO Price Movement Analysis for 3rd September, 2021

 77 Interactions,  4 Today

Chainlink, Solana, and NEO have all experienced a range of price movements in the recent 24 hours. LINK returned to a multi-month high after gaining 2.5 percent, while Solana was one among the market’s top gainers.

In reality, the altcoin increased by more than 22% and is approaching its psychological price ceiling of $150. NEO, on the other hand, exhibited consolidation, trading near a one-week high.

 

Chainlink [LINK]

Chainlink’s chart showed an upward trend, with the altcoin rising by 2.5 percent in the last 24 hours. The price level at the time of publication was a three-month high for the cryptocurrency. Its immediate resistance level was $31.77, followed by $32.47.

As the Relative Strength Index stayed in overbought area, buying strength remained persistent. Since the beginning of September, capital inflows have also increased. Chaikin Money Flow mirrored this by remaining above the half-line.

During the price upswing, the Bollinger Bands were diverging. This suggested that price volatility could increase in the coming trading sessions.

A flip below would mean LINK resting at $27.77, which, however, has acted as a propelling point for prices over the last month. In case LINK drops below the aforementioned level, it could trade near the $24.30 price support.

See also  Ethereum, Chainlink, VeChain, Stellar Lumens Price Movement Analysis for 20th April, 2021

Solana [SOL]

Chainlink, Solana and NEO Price Analysis: 03 September

SOL/USD, TradingView

Solana was trading at $137.60, up 22.2 percent in the previous 24 hours. SOL’s psychological resistance was $153.03. With future rallies, the alt could try to trade towards the previously indicated price increase. The market’s parameters emanated excessive bullishness.

At the time of writing, Solana was still trading at all-time highs and was considered overpriced. The Relative Strength Index was significantly higher than 75. However, if SOL loses momentum, it could crash through that level. The green signal bars on Awesome Oscillator appeared to be enhanced. The dotted lines below the candlesticks also indicated an upswing for the Parabolic SAR.

A price pullback would make SOL trade around the $125.95 support line and then on $99.92. The latter price level has acted as a kickstart point for SOL’s price rallies in the past.

NEO

Chainlink, Solana and NEO Price Analysis: 03 September

NEO/USD, TradingView

NEO showed consolidation on its four-hour chart and dropped 0.7 percent of its value in the previous 24 hours. It was trading at $55.96, causing NEO to re-visit its weekly high price. If NEO breaks the consolidation on the upside, it has the potential to demolish the $56.27 price resistance. Moving higher, NEO could try to re-enter the multi-month high of $61.77.

See also  Price analysis 12/16: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM

The market remained under buying pressure, with the Relative Strength Index hovering around 60.

The MACD indicator continued to show green signal bars, however it appeared to be fading over the last three trading sessions. Finally, the Awesome Oscillator depicted red traffic lights.

NEO’s consolidated trading could push the price below to fall near the $49.45 support. The altcoin hasn’t dipped below the $49.45 price line for three weeks now. Failing to sustain itself above the same could drag NEO to $41.16.

Subscribe to our newsletter

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *