Chainlink Cryptonewsfocus.com
- Chainlink (LINK) surged 13% on Sunday, emerging as the frontrunner in the market recovery.
- Arbitrum (ARB) edges lower after strong weekend gains but risks consolidation near resistance.
- MemeCore (M) sustains a falling wedge breakout, retesting dynamic support with bullish momentum.
- Technical indicators across all three tokens suggest short-term volatility with bullish undertones.
Chainlink Gains Traction Amid Growing LINK Reserves
Chainlink (LINK) spearheaded the weekend’s crypto recovery with a sharp 13% surge on Sunday, cementing its place as a market leader. The momentum comes on the back of Chainlink’s reserve growth announcement, which highlighted 109,663 LINK tokens held as of Monday. This development fuels demand while limiting supply, aided by strategic buybacks.
At press time Monday, LINK trades at $25.66, down slightly from its weekend peak of $26.50. The next key resistance sits at $26.68. A decisive close above this level could mark the highest 2025 closing price so far, opening the path toward the $30 milestone.
On the technical side, the MACD remains bullish, signaling growing momentum, while the RSI at 71 nears the overbought zone, suggesting a potential pullback. In case of a reversal, support lies at $22.05, last tested on Saturday.
Arbitrum Risks Consolidation Despite Golden Cross Signal
Arbitrum (ARB) experienced a nearly 9% rally on Sunday but has since edged lower by 1% on Monday, trading under pressure from the $0.5712 resistance.
Currently consolidating within a $0.4842 support to $0.5712 resistance band, ARB faces a potential retest of the 200-day EMA at $0.4437 if bearish pressure intensifies. However, the technical outlook carries a bullish undertone: the 50-day EMA is approaching the 200-day EMA, signaling a possible Golden Cross — often seen as a strong buy indicator.
Momentum remains mixed, with the RSI cooling to 60 while the MACD sustains a bullish bias. If ARB secures a close above $0.5712, it could extend gains toward $0.6676, last reached on January 31.
Also Read: Arbitrum’s ARB Rocky Road: Price Projections Through 2030
MemeCore Retests Support After Wedge Breakout
MemeCore (M) extended its bullish run after breaking out of a falling wedge pattern on the 4-hour chart. The meme token is now retesting its 50-period EMA at $0.4351, acting as dynamic support.
If the bullish momentum holds, MemeCore could target $0.4846 in the short term. Indicators favor this move, with the RSI at 54 showing fresh buying momentum and the MACD nearing the zero line, suggesting strengthening upside potential.
Chainlink’s decisive move has set the tone for the broader crypto market recovery, while Arbitrum and MemeCore follow with mixed but generally bullish signals. Investors should monitor key resistance levels across these tokens, as sustained breakouts could accelerate the ongoing recovery phase.
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