Chainlink (LINK) and Solana (SOL) Showing Signs of Strength Again, Now Bulls Target These Prices

Popular crypto analysts Rekt Capital recently posted bullish outlooks for Chainlink (LINK) and Solana (SOL), citing chart patterns that could fuel further upside for both altcoins.

According to Rekt Capital, Chainlink is showcasing signs of a successful retest of resistance turned support after breaking above $19.3. Now trading around $20, LINK looks poised for trend continuation with upside targets around $23.

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“Both $LINK and $SOL are positioning themselves for trend continuation,” Rekt Capital tweeted. “#LINK is showcasing signs of a successful retest whereas #SOL is attempting to breakout from an Ascending Triangle.”

Solana is also looking strong after forming an Ascending Triangle pattern on its chart. Without having to dip too far, SOL quickly resumed its rally and is now attempting to reclaim the triangle top as support around $115.

If Solana can confirm this breakout, Rekt Capital notes that price should surely breach the next resistance around $123.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.