Chainlink, Solana Price Analysis – 3 September

  • Solana exploded to another ATH near $136; market players believe that the alt will extend its upside movements.
  • Chainlink hits beyond $30 as it strengthens its mission to head towards $40.

Thursday saw Bitcoin bulls stepping up to take the leading crypto to the price levels beyond $50K. However, the uptrend was short-lived since BTC retraced, almost to test the $48,000 support.

On the other side, ETH stalled before climbing to $4,000, but it did not lose its entire upside momentum. The leading altcoin has chances to trade beyond this psychological zone over the weekend. Meanwhile, the rest of the market is greenish. CoinGecko live data shows that most crypto coins posted minimum gains since yesterday.

Solana

Solana sees its price heading to the moon once more. The alt roars towards new ATH for another time in the week. SOL seems to benefit massively from the current bullish cycle, hitting its record high near $136.

At the start of the week, SOL rose to $130 before correcting to stand around $100. However, the token revived its upside actions within no time. That way, the asset gained ground at $130 by Thursday’s end. Such responses come as the total market has maintained a bullish outlook over the previous sessions.

SOL trades at $134 while writing this content after launching another record high. The alternative coin has accrued over a 19% surge since yesterday. Moreover, SOL trades at a 77% high in seven days. Such positive developments have SOL’s trading volume at $5.5 billion while its market cap hovers at $39 billion.

Chainlink

Like Solana, Chainlink has witnessed northward movements since the near-term plunges in August ($24). With the support, bulls managed to regroup to attempt the $30 price level. However, the asset failed to touch the higher levels reached last month but extended its efforts to $30.89. For now, bulls have to battle to keep the crypto beyond $30. That way, they can accumulate the needed momentum to head towards $40.

Chainlink’s near-term technical picture suggests bulls’ dominance. The Relative Strength Index (RSI) maintains above the 70-level. Moreover, the MACD bullish gesture supports LINK’s bulls. If the coming sessions follow this trend, investors could expect LINK to hit its projected highs.

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By Edward Harris
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