The broader market saw a decent recovery over the past few days. However, the bulls were still not in a position to alter the general perception as the ‘fear’ sentiment only worsened.

After a double-bottom breakout, Avalanche reversed from the $96-zone. While the buyers tried to step in, the ADX displayed a weak directional trend for the alt. Terra and Chainlink slightly skewed in favor of bulls but could not gather impactful volumes.

Tuyết lở (AVAX)

Nguồn: TradingView, AVAX / USDT

After reversing from the 61.8% Fibonacci support, AVAX noted a staggering 67.8% ROI (from 13 December low) to poke its three-week high on 22 December. Since then, the alt saw a 37.58% retracement and tested the $79.3-support.

Over the past week, after forming a double-bottom (bullish) pattern, it faced strong resistance at the $96.4-mark. Now, the $96-zone was a vital point to overcome for AVAX bulls. Any further retracements would continue to find testing support near the Point of Control.

Vào thời điểm viết bài, alt giao dịch ở mức 93.45 đô la. Các RSI marked bullish readings after an uptrend. Also, the DMI depicted a bullish preference. But the ADX hiển thị một xu hướng định hướng về cơ bản là yếu đối với alt.

Trái đất (MOON)

Nguồn: TradingView, LUNA / USDT

Kể từ khi chạm mức thấp nhất trong ba tuần vào ngày 8 tháng 38.5, alt đã chứng kiến ​​sự phục hồi ấn tượng 61.8% sau khi phục hồi từ mức XNUMX%.

LUNA reclaimed the 38.2%, 23.6% support level and crossed the 4-hour SMA 20-50-200. Now, the testing point for the bulls stood at the $92-level. Any breakdowns would find testing support at the 23.6% level followed by the 20-SMA (red).

Vào thời điểm báo chí, LUNA giao dịch thấp hơn 15.9% so với ATH ở mức 86.66 đô la. Các RSI saw a steep incline above the midline. It managed to flip the 61-mark from resistance to immediate support. Also, the Supertrend flashed a green signal. However, the OBV marked lower peaks with the recent hike, hinting at a weak buying pressure.

Chuỗi liên kết (LINK)

Nguồn: TradingView, LINK / USDT

LINK bulls retested the $22.42-level four times over the past month. They finally breached this level after the falling wedge (green) breakout resulted in two up-channels over the past 12 days.

LINK noted a 50.2% ROI (from 1 January low) until it poked its seven-week high on 11 January. The alt flipped the $25.7 support from its nearly six-week resistance. Sản phẩm bộ dao động âm lượng continually marked lower peaks since 6 January, indicating a weak bullish rally over the past few days. 

At press time, LINK traded at $25.96. LINK witnessed an up-channel breakdown after forming a bearish divergence with the RSI. At the time of this analysis, the RSI managed a comeback above the midline. However, the ADX hiển thị một xu hướng định hướng yếu cho alt.

Source: https://ambcrypto.com/avalanche-terra-chainlink-price-analysis-16-january/