The cryptocurrency market has shifted from a state of "greed" to "fear", with the Crypto Fear & Greed Index plummeting to 44. However, some risk assets such as Ethereum ($ETH ), Solana ($SOL ), and Chainlink ($LINK ) still show positive signs, despite macroeconomic uncertainties.
The strength of individual assets
Ethereum (ETH): Despite market volatility, ETH has surged sharply from a low of $4,000 to over $4,300. Companies like BitMine and Sharplink have bought billions of dollars in ETH, providing strong support for the price. Technical indicators such as ADX and EMA both show a strong upward trend, with RSI still in the "goldilocks" zone.
Solana (SOL): SOL is in a price consolidation phase, with technical indicators showing indecision between buyers and sellers. However, on a broader time frame, SOL is forming a positive "cup and handle" pattern, potentially reaching a target of $285. Future network upgrades could also boost demand for SOL.
Chainlink (LINK): LINK is one of the most surprising highlights, rising 152% in the past year and 53% in the last two weeks. The price of LINK has surged during the day, forming a "bullish engulfing" candle pattern, a very strong reversal signal. Technical indicators show a strong and sustainable upward trend. #anh_ba_cong
