📊 3 ALTCOINS, 3 CRITICAL ZONES — WHICH ONE WILL RECOVER FIRST?
The charts of LINK, SUI and NEAR are all showing weakness, but each is approaching an important technical area. Here is what I’m watching.
🔵 1. $LINK — SUPPORT LOST, DEMAND AHEAD
LINK is trading around $10.32, with a clear sequence of lower highs since its move toward $15.80. The previous support around $10.80–$11.00 has been broken and could now act as resistance. The major demand zone sits around $8.95–$9.20. A bullish recovery needs to reclaim $10.80–$11.00 and hold it. Otherwise, another move toward the lower demand zone remains possible. I would not call this a confirmed bottom yet.
💧 2. $SUI — APPROACHING A BULLISH ORDER BLOCK
SUI is around $0.827, still following a bearish lower-high/lower-low structure after its rejection near $1.30. However, an important bullish order block is marked around $0.68–$0.74. This is the zone where I would watch for a potential demand reaction. A strong bounce followed by a reclaim of $0.90–$0.95 could improve the outlook. If the order block fails, the bullish thesis weakens considerably. Catching a falling knife before confirmation is risky.
🟢 3. $NEAR — A MAJOR DECISION POINT
NEAR is trading around $3.59, pressing against horizontal support near $3.45–$3.55 while also testing a descending trendline. This creates an important compression zone. If support holds and price breaks above the trendline, a recovery toward $3.80 and potentially $4.00–$4.30 becomes possible. But a decisive breakdown below $3.45 could expose the larger demand zone around $2.35–$2.55. Watch for a breakout and retest before committing.
⚠️ MY TAKE: All three are approaching interesting areas, but none has confirmed a bullish reversal yet. Patience and confirmation matter more than buying simply because prices have fallen.
Which one has the strongest recovery potential: LINK, SUI or NEAR?
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The charts of LINK, SUI and NEAR are all showing weakness, but each is approaching an important technical area. Here is what I’m watching.
🔵 1. $LINK — SUPPORT LOST, DEMAND AHEAD
LINK is trading around $10.32, with a clear sequence of lower highs since its move toward $15.80. The previous support around $10.80–$11.00 has been broken and could now act as resistance. The major demand zone sits around $8.95–$9.20. A bullish recovery needs to reclaim $10.80–$11.00 and hold it. Otherwise, another move toward the lower demand zone remains possible. I would not call this a confirmed bottom yet.
💧 2. $SUI — APPROACHING A BULLISH ORDER BLOCK
SUI is around $0.827, still following a bearish lower-high/lower-low structure after its rejection near $1.30. However, an important bullish order block is marked around $0.68–$0.74. This is the zone where I would watch for a potential demand reaction. A strong bounce followed by a reclaim of $0.90–$0.95 could improve the outlook. If the order block fails, the bullish thesis weakens considerably. Catching a falling knife before confirmation is risky.
🟢 3. $NEAR — A MAJOR DECISION POINT
NEAR is trading around $3.59, pressing against horizontal support near $3.45–$3.55 while also testing a descending trendline. This creates an important compression zone. If support holds and price breaks above the trendline, a recovery toward $3.80 and potentially $4.00–$4.30 becomes possible. But a decisive breakdown below $3.45 could expose the larger demand zone around $2.35–$2.55. Watch for a breakout and retest before committing.
⚠️ MY TAKE: All three are approaching interesting areas, but none has confirmed a bullish reversal yet. Patience and confirmation matter more than buying simply because prices have fallen.
Which one has the strongest recovery potential: LINK, SUI or NEAR?
Follow for more market structure and technical analysis.
