Chainlink, Near Protocol, and Binance Coin Hit Technical Support Floors
Key Summary
Chainlink traded at $11.61 Sunday while testing support zones near $11.00, according to price action reports from spot exchanges. Near Protocol hovered at $4.40 with fading short-term momentum, while Binance Coin defended $714 amid ongoing market consolidation.
Key Bullets
- Chainlink traded at $11.61 while testing support zones near $11.00 following a corrective pullback from September peaks of $15.75.
- Near Protocol held near $4.40 with daily RSI metrics dropping to 40.00-45.00 while buyers defended the critical $4.00 technical floor.
- Binance Coin hovered at $714 after bouncing off a tested support range between $690 and $700 on major order books.
- Bitcoin changed hands near $77,871 while testing the $76,000 threshold according to spot exchange data feeds.
Chainlink Tests Major Support Zones
Chainlink slid to $11.61 Sunday morning as spot exchange order books recorded persistent selling pressure below late-September highs of $15.75. Market data from daily charts confirmed a series of lower highs and lower lows after moving averages bunched between $12.00 and $12.60.
Sellers controlled the near-term trend while the daily RSI printed between 40.00 and 45.00. Buyers defended the 200-day moving average near $11.00. Support held firm.
Near Protocol Defends Technical Floor
Near Protocol traded at $4.40 following a pullback from October highs of $6.00 recorded on spot exchanges. Intermediate moving averages remained positioned well below current prices as trading volume cooled down from the September breakout.
Daily RSI metrics retreated to a neutral 40.00-45.00 range. Buyers stepped in near $4.00 to prevent a deeper correction toward $3.60. Momentum faded fast.
Binance Coin Holds Support Levels
Binance Coin stood at $714 after declining from October peaks near $800, according to exchange price feeds. Short-term moving averages shifted to $730-750 while buyers defended the $690-700 support zone tied to the rising 200-day moving average.
Immediate resistance emerged at $730-740 on spot order books. A confirmed daily close below $690 would accelerate selling toward $650. Traders watched closely.
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