Altcoin Market Movers: HBAR, SUI, SOL, LINK, ONDO See Gains

The cryptocurrency market is starting to look like the altseason is near and a few of these popular altcoins seem to make this evident through their bullish

The cryptocurrency market is showing signs of an approaching altseason, with several popular altcoins making bullish moves.

One factor supporting this trend is the declining Bitcoin (BTC) dominance (BTC.D). As Bitcoin's market share decreases, traders are paying more attention to altcoins.

Here's a closer look at some of the altcoins attracting attention and their key support and resistance levels:

Chainlink (LINK) builds price momentum towards breakout

After a 2.46% gain in 24 hours, LINK now trades at $18.25.

Observing recent price movements, the price peaked above $18.40 before retracing to a key support level at $17.81. Following this retrace, a strong rebound emerged, pushing the price back to the $18.30-$18.40 resistance zone.

Analyzing this technical setup, if LINK breaks above this range, it could test $18.50. Further, a successful breakout could advance the price towards $19.00.

Conversely, should a rejection occur at this resistance level, it may trigger a pullback to the $18.00 or $17.81 support levels.

Examining market activity, volume stands at $390.81 million, down by 1.09%. This slight decrease indicates the need for stronger buying pressure to confirm a sustained uptrend.

Cardano (ADA) price action suggests further upside potential

Recording a 6.55% increase, ADA trades at $0.8065 as the price has established an uptrend, climbing from a low of $0.7569. The breakout above $0.80 signals strong buyer interest.

Analyzing ADA's price levels, support levels are identified at $0.7800 and $0.7700. On the upside, resistance stands in the $0.8100-$0.8200 range.

Crucially, if ADA remains above $0.80, further gains could materialize. These potential gains could push the price toward $0.85 and then $0.88.

A decline below $0.78 may lead to a retest of lower levels. Despite the bullish trend, trading volume has declined by 5.64%, suggesting that sustained buying momentum is necessary for continued growth.

Hedera (HBAR) price gains traction on volume surge

HBAR is currently priced at $0.2203, up 3.32% in 24 hours.

Reviewing price movements, the price reached a high of $0.225 before retreating slightly. However, strong support has formed at $0.2170 and $0.2150.

Resistance levels include $0.2250 and $0.2300. A break above $0.2250 could push HBAR toward $0.235-$0.240. Notably, trading volume has surged by 23.83%, signaling increased market participation and a potential bullish continuation.

Related: Altcoin Market Movers: HBAR, SUI, SOL, LINK, ONDO See Gains

Sui (SUI) price momentum persists despite volume contraction

SUI has climbed 8.27%, trading at $3.42. In recent trading, the price hit a high of $3.45. Following this high, SUI price has stabilized. Key support levels to watch are at $3.35 and $3.

Conversely, resistance lies at $3.45 and $3.50. If SUI holds above $3.35, it could advance toward $3.60. However, trading volume has dropped by 8.79%, raising concerns about buying strength.

XRP price demonstrates resilience but faces consolidation risks

XRP is up 2.25%, trading at $2.71. Analyzing recent price action, the price peaked at $2.72, and so the current support is holding at $2.68 and $2.65. Resistance levels include $2.72-$2.73 and $2.75.

Should XRP sustain its current momentum, it could target $2.80. However, since the volume has declined by 0.76%, it suggests a possible consolidation before a potential breakout.

Litecoin (LTC) price under pressure as buying interest wanes

Examining recent price declines, the price has fallen from $135.03. Presently, support has formed at $126.00 and $124.00, while resistance lies at $130.00 and $132.00.

If LTC remains below