Chainlink

Polygon

<ul><li>CryptoJack notes MATIC must stay above $0.65 to remain bullish; a break below signals a potential drop.</li><li>Crypto Tony plans to sell LINK at $35 but currently sees it as range-bound at $15.96.</li><li>MATIC is at $0.6479 with a market cap of $6B, while LINK trades at $15.96 with a $9.37B market cap.</li></ul>Crypto analysts are closely monitoring Polygon (MATIC) and Chainlink (LINK) as recent price actions test key support levels. CryptoJack, a prominent analyst on X, <a href="https://x.com/cryptojack/status/1800081774153699790" rel="noopener noreferrer nofollow">highlighted</a> that MATIC has broken to the downside from its triangle pattern and emphasized the importance of maintaining support at $0.65 to remain bullish. A failure to hold this level could signal a significant price drop. Meanwhile, Crypto Tony shared insights on Chainlink, indicating plans to shed some of his long-term positions if LINK reaches $35, but for now, the price remains range-bound.It is important to note that Polygon (MATIC) is trading at <a href="https://www.coingecko.com/en/coins/polygon" rel="noopener noreferrer nofollow">$0.6479</a>, reflecting a -0.70% decline over the past 24 hours and an -8.32% decline over the past week. With a 24-hour trading volume of $285,150,088 and a market cap of $6,015,602,107, MATIC’s price movement is critical. CryptoJack&#39;s analysis points to the importance of the $0.65 support level. If MATIC fails to respect this support, it could lead to a significant downward trend, highlighting the necessity for close monitoring by investors.On the other hand, Chainlink (LINK) is priced at <a href="https://www.coingecko.com/en/coins/chainlink" rel="noopener noreferrer nofollow">$15.96</a>, experiencing a -0.30% decline in the last 24 hours and an -11.07% decline over the past seven days. With a 24-hour trading volume of $269,853,477 and a market cap of $9,373,981,702, LINK remains a significant player in the market.<a href="https://cryptotale.org/analysts-highlight-critical-support-levels-for-matic-and-link-amid-drops/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analysts Highlight Critical Support Levels for MATIC and LINK Amid Drops

CryptoTale

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