The post 5 Altcoins Hit Major Support (XRP, LINK & 3 More) appeared on BitcoinEthereumNews.com.

XRP, LINK & 3 more altcoins test make-or-break support levels now Oversold RSI in XRP, TEL prompts analysts to watch for bounce opportunity Analysts watch if critical support holds; key test for reversal in 5 altcoins Five key altcoins show critical technical setups as the broader crypto market consolidates. XRP, Chainlink (LINK), Hedera (HBAR), Telcoin (TEL), and Celestia (TIA) currently test significant support levels or face immediate resistance.  Their individual chart patterns hint at potential upcoming volatility and this report breaks down the current technical picture for each asset. Oversold XRP Tests Key Support After Latest Correction XRP corrected sharply after breaking down from a rising wedge pattern previously formed near $2.47. The price currently trades around $2.17, operating below the previous $2.30 support level which now likely acts as overhead resistance.  While major EMAs currently trend downward and the MACD indicator remains bearish, the Relative Strength Index (RSI) has plunged to a reading near 20.85. Such deeply oversold RSI levels sometimes suggest selling pressure may be nearing exhaustion, potentially setting the stage for price stabilization or a relief bounce. XRP now tests its next significant demand zone identified between $2.10–$2.15. Holding this area will be crucial for potentially negating further immediate downside. If this zone fails to attract buyers, the focus could then shift down towards the well-established long-term support level located near $1.95. Related: These Altcoins Show Strength: Which Could Actually Retest Highs? (Analysis) Chainlink (LINK): Rising Wedge Breakdown Signals Bearish Trend? Chainlink (LINK) recently fell below a rising wedge pattern visible on its 4-hour chart, a formation that often signals bearish continuation. Following rejection near $15.99, the price now struggles to reclaim the $15 level.  LINK also trades below its major moving averages, with the 200-period Exponential Moving Average (EMA) around $15.35 acting as significant overhead resistance.…

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Filed under: News - @ March 29, 2025 4:22 am