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<p>Crypto analyst Rekt Capital has shared his newsletter examining the market trends for Chainlink (LINK) and SUI. The analysis highlights key support and resistance levels for both assets, offering insights into their recent price movements and potential future trajectories.</p>
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   <p lang="en" dir="ltr">I've published a new Altcoin Newsletter <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>I share my charts &amp; analysis on 6 Altcoins<br><br>These Altcoins are <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a> <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> <a href="https://twitter.com/search?q=%24AERO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AERO</a> <a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FTM</a> <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> <a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOT</a><br><br>I share an Altcoin Newsletter like this every Friday<br><br>Sign up &amp; read here:<a href="https://t.co/rBAg9mdfb4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/rBAg9mdfb4</a><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1811760676626460874?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2024</a>
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<h2 class="wp-block-heading" id="strong-chainlink-shows-resilience-amid-pullback-strong"><strong>Chainlink Shows Resilience Amid Pullback</strong></h2>
<p>Rekt Capital’s examination of Chainlink’s quarterly chart reveals an intriguing development. Despite a recent pullback, LINK maintains its macro uptrend that began after breaking out of a long-term accumulation range.</p>
<p>The analyst notes that LINK has been retracing for two quarters, finding support in a weighty zone.&nbsp;</p>
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<p><em>“This area previously acted as resistance in mid-2020 and Q3 2020,”</em> Rekt Capital points out. Interestingly, this former resistance may now serve as crucial support for Chainlink.</p>
<p>While LINK has initially retested the top of this support area earlier in the current quarter, Rekt Capital suggests that further retesting may occur in the coming months. This behavior could indicate a potential consolidation phase before the next move.</p>
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<h2 class="wp-block-heading" id="strong-sui-navigates-key-price-levels-strong"><strong>SUI Navigates Key Price Levels</strong></h2>
<p>Turning attention to SUI, Rekt Capital identifies critical price levels that may influence its future trajectory. The analysis centers on a light blue support level and a black resistance level at $0.97.</p>
<p>Currently, SUI is finding support at the light blue level, which could pave the way for upward momentum. However, the analyst cautions that SUI recently lost the $0.97 level as support, closing below it last month.</p>
<p><em>“If SUI rebounds but rejects at the black level, it would confirm a new resistance,”</em> Rekt Capital explains. This scenario could significantly impact SUI’s short-term price action.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/expert-draws-out-path-for-bitcoin-btc-and-altcoins-recovery-reveals-key-timelines/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Expert Draws Out Path for Bitcoin (BTC) and Altcoins Recovery: Reveals Key Timelines</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h2>
<p>Rekt Capital’s analysis of Chainlink and SUI provides the price trajectory of two notable crypto assets in the market. While LINK shows resilience in its macro uptrend despite recent pullbacks, SUI goes through a potentially new trading range.</p>
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<p>The post <a href="https://captainaltcoin.com/chainlinks-link-maintains-macro-uptrend-as-suis-price-faces-critical-0-97-level-expert-analysis/" rel="noopener noreferrer nofollow">Chainlink’s LINK Maintains Macro Uptrend as SUI’s Price Faces Critical $0.97 Level: Expert Analysis</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink’s LINK Maintains Macro Uptrend as SUI’s Price Faces Critical $0.97 Level: Expert Analysis

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