As the broader market consolidates, analysts are closely monitoring five specific tokens: XRP, Chainlink (LINK), Hedera (HBAR), Celestia (TIA), and Telcoin (TEL), as each displays different chart patterns near critical turning points. This report breaks down the current technical picture of these assets.
XRP Analysis: Testing Key $2 Support Zone?
XRP has recently entered a bearish phase. Its Relative Strength Index (RSI) is below 40, approaching oversold territory. The token lost the crucial $2.34 price level and subsequently fell below its 20-day Exponential Moving Average (EMA), which is currently around $2.17, confirming short-term bearish control. At the time of writing, XRP is trading close to $2.12.
The psychological level of $2 is now a key support area. If buyers fail to defend this zone, a deeper price correction could follow toward lower historical support levels, such as $1.95.
ChainLink (LINK): Can Support Reclaim $14 After a Break?
ChainLink (LINK) previously lost the $14 price level and is now trading around $13.98. Recent price action indicates a breakdown below the Bollinger Bands support near $14.14. The Bollinger bandwidth currently suggests an increase in asset volatility. The next significant technical support lies at the lower Bollinger Band, close to $12.55.
For a convincing bullish reversal, LINK needs to reclaim the mid-band around $14.14 before targeting higher resistance levels.
Hedera (HBAR): Hovering Near Key Fibonacci Levels
In the past 24 hours, HBAR has declined approximately 4.2%, trading close to $0.1760. Fibonacci retracement analysis places HBAR in a critical support area based on its previous upward trend. If this support area breaks decisively, the next technical downside target will be near $0.1650, corresponding to an important 61.8% Fibonacci retracement level.
Conversely, if buyers successfully intervene here, HBAR could rebound back to the resistance area at $0.19, previously controlled by sellers.
Celestia (TIA): Struggling Below the 20-Day EMA, Clearly Weak
Celestia (TIA) recently experienced a sharp decline, trading down about 8.4% at approximately $3.32. The current price is below its 20-day EMA (around $3.47), indicating difficulty in regaining short-term bullish momentum.
In addition to technical issues, the On-Balance Volume (OBV) indicator reflects a decrease in buying pressure, which may suggest weak potential demand at current levels. If TIA fails to regain the 20-day EMA soon, it may further decline to test the psychological support level of $3 based on the chart structure.
Telcoin (TEL): Testing Lower Bollinger Band Support
Telcoin (TEL) is also facing significant declines, down over 9%, trading close to $0.005137. The current price action is actively testing the lower Bollinger Band support level, found around $0.004913. Trading near or below the lower band typically indicates potential oversold conditions, which can sometimes precede a short-term price rebound.
However, if continued weakness pushes TEL below this range, the next clear chart support will be near $0.0049. If buyers re-enter, TEL may attempt to recover towards the Bollinger Band Mid-Line, currently priced at $0.0057.
