The crypto market volatility has risen significantly, with Bitcoin’s price hitting lows at $75,736 and recovering to the current level around $78,700. The latest midterm election developments have also added fuel to the uncertainty. In times when top cryptos remain uncertain, altcoins like Chainlink (LINK), Aave, and SUI are flashing bullish signals. Although a sustained recovery is far from confirmed, indicators pointed out by a popular analyst, Ali, point towards a drop in selling pressure.
The analyst has also outlined key resistance levels that each altcoin needs to overcome. Will these altcoins stage a rebound while the broader market remains under pressure?
SUI price analysis: $0.90 Breakout Could Set Up a Move Toward $1.20
The SUI price is approaching an important resistance level after a prolonged decline from its October highs. The token is currently trading near $0.897, with its three-day chart showing a potential early recovery signal. According to Ali, the TD Sequential indicator has flashed a buy signal, suggesting that the recent selling pressure could be losing momentum.
However, the $0.90 level remains the first hurdle for buyers. A successful move above this resistance could strengthen the recovery attempt, opening the way toward $1.11. If bullish momentum continues, Ali identifies the setup resistance trendline near $1.20 as the next potential target. On the other hand, failure to clear $0.90 could keep SUI under selling pressure and delay the anticipated rebound. While the TD Sequential signal offers an encouraging development, buyers will need to support it with sustained price strength before a trend reversal can be considered.
AAVE Bulls Eye $146 as TD Sequential Flashes a Buy Signal
Aave price is also showing signs of a potential recovery, with the TD Sequential indicator flashing a buy signal on its three-day chart. According to Ali, the signal suggests that the recent selling pressure could be nearing exhaustion, although stronger buying activity is needed to confirm a rebound.
Ali is watching $146 as the first major upside target. A sustained move above this level could strengthen the bullish outlook and open the way toward the setup resistance trendline near $176. However, AAVE still needs to attract sufficient buying interest to reach these levels. If buyers fail to push the price higher, the token could remain under pressure, delaying the potential recovery. For now, the $146 resistance will be an important level to watch as traders assess whether the buy signal can translate into a sustained rebound.
Chainlink Approaches a Crucial $11.30 Resistance With Rebound Potential
Chainlink (LINK) price is showing a similar technical setup, with Ali identifying a TD Sequential buy signal on its three-day chart. The signal suggests that the recent downward momentum could be weakening, potentially setting the stage for a relief rally.
However, LINK needs to overcome $11.30 to strengthen the recovery outlook. A breakout above this level could pave the way toward $12.71. If buying pressure continues to build, the next upside target lies near the setup resistance trendline at $14. On the downside, failure to reclaim $11.30 could leave LINK struggling to sustain a recovery. For now, traders will be watching whether the TD Sequential buy signal translates into stronger price action or whether sellers continue to control the trend.
Conclusion: Can SUI, AAVE and LINK stage a recovery?
SUI, AAVE and Chainlink are showing early signs of a potential rebound, with all three flashing TD Sequential buy signals on their three-day charts. However, the signals alone are not enough to confirm a trend reversal, particularly while the broader crypto market remains under pressure.
The key levels identified by Ali will be crucial in determining whether buyers can regain control. SUI needs to clear $0.90, AAVE must overcome $146, while LINK faces resistance at $11.30. Successful breakouts could open the way toward their respective upside targets, but continued rejection may leave all three vulnerable to further weakness.
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