- LINK holds above $15 as volume surges; bulls target breakout toward $16.50–$18.50.
- PEPE jumps 59% in May, testing $0.000015 resistance with $0.000018 as the next key target.
- TAO trades at $430, consolidating between $400–$475 with $460 as breakout confirmation.
The altcoin market is facing a crucial turning point, as tokens such as Chainlink (LINK), Arbitrum (ARB), Bittensor (TAO), Pepecoin (PEPE), and ONDO approach key support and resistance areas.
The various setups on specific assets may impact how the cryptocurrency market moves in the short term. Recently, crypto traders have been more active near key price levels, which has supported an increase in daily volume for several tokens.
Chainlink Price Analysis: LINK Holds Support at $15 Amid Rising Volume
Following a month that saw a 4.4% gain, Chainlink (LINK) has stabilized around the $15.66 mark. In May, the price tested the $15.00 zone multiple times and attempted to form a strong support level. On the daily chart, traders witnessed consistently higher lows, implying that, despite broader market fluctuations, buyers showed sustained interest.
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The immediate resistance now lies at $16.50. Earlier in May, LINK tried to break this level but faced resistance. If it can move past this area, the next potential level is $18.50. Volume grew substantially, increasing by over 44% in 24 hours, indicating increasing interest. The downside is $13.80, which is the potential key support on a breakdown.
Arbitrum Technical Outlook: ARB Tests Resistance Near $0.45 With Rising Momentum
Arbitrum (ARB) has increased 23.6% over the last 30 days, climbing to $0.447 at press time. The token recovered from its May low near $0.34 and created a series of higher lows on the daily chart. This structure suggests a possible breakout as ARB trades near its next resistance at $0.450.
Traders expect ARB to keep climbing higher, toward $0.5 or even up to $1.5, should it close above the $1.0 mark. The 24-hour volume surged over 62%, reflecting renewed interest from shorter-term participants. However, support at $0.38 will be necessary if the selling pressure increases. A move below that may expose ARB to additional losses, with $0.33 acting as the next buffer.
TAO Price Update: Bittensor Consolidates Between $400 and $475 Ahead of Next Move
Bittensor (TAO) trades around $410 after gaining 14.8% this month. It has held firm above $400, a level that served as a floor throughout several sessions in May. Despite some short-term price swings, TAO maintains a bullish structure with higher lows since early April.
The resistance is in the $420 – $435 range. Over the last two weeks, this zone has capped multiple intraday rallies. A breakout would be at the $500 level. Nonetheless, a move below $400 might trigger the price to fall to $370. The broader structure is still supporting this consolidation range, but volume has declined slightly.
PEPE Chart Review: Meme Coin Attempts Breakout at $0.000015 After 59% Monthly Gain
Pepecoin (PEPE) has climbed 44.54% in the last month and trades at $0.00001287. After forming a base of around $0.00001268, the price began to climb steadily, creating a short-term ascending channel. Recent attempts to break the $0.00001340 resistance level suggest that bulls are preparing for a new leg higher.
The next target is $0.000018, and support is at $0.0000120. Should the price fall below that, then it could revisit $0.0000105. Active trading conditions and steadily higher lows continue to show interest in the market.
ONDO Market Level Focus: Price Range Between $0.88 and $1.05 Defines Near-Term Direction
At press time, ONDO is trading at $0.8620, down by 7.1% in the past month. The token has faced repeated resistance at $1.05 over the past few weeks, resulting in a range-bound structure. Multiple retests from both support and resistance as price action is capped between $0.81 support and $1.05 resistance.
If ONDO manages to close above $1.00, the next resistance zone stands at $1.20. Analysts claim this level is regarded as the key upside target should bullish momentum return. A break below $0.88 would create additional selling pressure on the downside. The next support is expected at $0.80, which was previously held during previous market corrections in March.
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