In the context of a strong market correction, many major altcoins such as AVAX, ATOM, and LINK are approaching important support zones. Is this a 'buy the dip' opportunity or is there still risk ahead? The article below will provide multi-timeframe technical analysis, real-time updated data, and specific trading strategies for each token.
1. Avalanche (AVAX)
Fundamental information:
Current price: $20.35
Market capitalization: $8.5 billion
24h trading volume: $181 million
Multi-timeframe technical analysis:
15 minutes:
RSI: 31.18 (oversold)
MACD: negative
Trend: short-term decline
1 hour:
RSI: < 40
MACD: negative
Trend: continuing decline
4 hours:
RSI: 42.29
MACD: negative
Trend: selling pressure dominates
1 day:
RSI: 31.18
MACD: negative
Trend: long-term decline
Trading strategy:
Futures:
Prefer Short when price recovers to $21.0–$21.5
Take profit (TP): $19.0
Stop loss (SL): $22.0
Spot:
Should not deploy capital yet
Wait for positive MACD signal and RSI above 50
2. Cosmos (ATOM)
Fundamental information:
Current price: $4.22
Market capitalization: $1.71 billion
24h trading volume: $65 million
Multi-timeframe technical analysis
15 minutes:
RSI: 35
MACD: negative
Trend: short-term decline
1 hour:
RSI: 40
MACD: negative
Trend: slight decline
4 hours:
RSI: 45
MACD: negative
Trend: neutral
1 day:
RSI: 50
MACD: near 0
Trend: balanced supply and demand
Trading strategy
Futures:
Open Long if price exceeds $4.50 with confirmed volume
TP: $5.0
SL: $4.20
Spot:
Can accumulate around $4.00–$4.20
Prefer when price holds above support
3. Chainlink (LINK)
Fundamental information:
Current price: $14.19
Market capitalization: $9.33 billion
24h trading volume: $204 million
Multi-timeframe technical analysis
15 minutes
RSI: 38
MACD: negative
Trend: short-term decline
1 hour:
RSI: 42
MACD: negative
Trend: continuing decline
4 hours:
RSI: 45
MACD: negative
Trend: neutral
1 day:
RSI: 48
MACD: neutral
Trend: unclear
Trading strategy:
Futures:
Prefer Short if price tests $15.0–$15.5
TP: $13.50
SL: $16.00
Spot:
Wait for a clear breakout above $15.50 before considering buying
Summary of prominent strategies
AVAX
Futures: Short $21.0–$21.5 → TP: $19.0, SL: $22.0
Spot: Wait for reversal confirmation
ATOM
Futures: Long when exceeding $4.50 → TP: $5.0, SL: $4.20
Spot: Can accumulate around $4.00–$4.20
LINK
Futures: Short $15.0–$15.5 → TP: $13.5, SL: $16.0
Spot: Wait for a clear breakout
Market outlook
AVAX: Selling pressure remains high, no clear reversal signs yet
ATOM: Capital is gradually returning to the Cosmos ecosystem
LINK: Fluctuating in a narrow range, market sentiment is neutral
Conclusion:
The market is currently in a consolidation phase, trading in line with short-term trends (trend-following) and tight risk management is essential. Investors should prioritize short-term Futures strategies combined with monitoring volume signals to enhance success probabilities.
