Hedera ($HBAR), Sui ($SUI), Solana ($SOL), Chainlink ($LINK), and Ondo ($ONDO) Show Interesting Developments as the Altcoin Market Moves

While Ethereum leads the market, these altcoins show interesting developments, particularly as they experience varying degrees of upward momentum and resistance.

The altcoin market saw significant price movements over the last 24 hours, with several coins attracting attention due to their notable ups and downs. While Ethereum leads the market, these altcoins showed interesting developments, especially as they experienced varying degrees of upward momentum and resistance.

Hedera ($HBAR) encountered resistance at $0.28 despite a 2.3% rise, bringing the price to $0.2471. The coin briefly touched a high of $0.2802 before facing selling pressure and retracing to its current position.

A key support level at $0.2248 marks the 24-hour low, with an additional support point near $0.2300. Although Hedera saw a short-term uptrend, the failure to hold above $0.2802 suggests strong resistance in this zone.

Sui ($SUI) posted a strong 5% increase, reaching $3.29 after hitting a high of $3.77. The price trend showed a significant upward movement, but it faced resistance at the peak of $3.77.

The pullback to $3.29 suggests selling pressure at higher levels, although the price remained above critical support levels at $3.20 and $3.01. This indicates that the short-term uptrend is still there, despite the price facing resistance at higher levels.

Solana ($SOL) rose by 3.5% over the last 24 hours, reaching $203.82 after testing the high of $219.30. However, it encountered resistance near $215, and the price dipped to $203.82.

The psychological support level at $200 is key, as it has held strong during market corrections. The price action suggests bullish strength as long as it remains above this level, hinting at potential for future upward movement.

Chainlink ($LINK) showed bullish behavior after rising to $22.00 before retracing to $19.57. The price faced selling pressure at higher levels, but the recovery from $18.30 suggests strong buying interest.

Clear support levels are at $18.30 and $19.00, signaling strong support for further price gains. If the price can break through the resistance at $22.00, it could set the stage for continued bullish momentum.

Ondo ($ONDO) surged by 5.7% to a high of $1.44 falling back to $1.31. The price movement suggests some profit-taking at higher levels, with key support at $1.17 and $1.25.

If the price stays above $1.25, it could find stability and try for another push upward.