LINK vs SOL: How Did Their Prices Move This Week?

Jakarta, Pintu News – In the past week, two major altcoins, Chainlink and Solana , stole the attention of crypto market participants. Both have recorded significant price increases, albeit with different movement dynamics.

LINK managed to rally by double digits, while SOL broke through the psychological $200 level that investors have been eyeing. So, what are the details of their movements this week?

Chainlink (LINK) – Price Rises 14.5% as it Breaks $28 Ares

Chainlink (LINK) price in the past week has shown a positive trend although it is still characterized by fluctuations. Currently, LINK is trading at around $25.78 (around Rp420,053 at an exchange rate of $1 = Rp16,364), up 14.5% in the last 7 days.

The candlestick chart movement shows a fairly sharp up-and-down dynamic, with the price briefly breaking through the $28 area before correcting back to current levels.

In terms of volume, there was a significant decline of 58.79%, with daily transactions touching $1.4 billion. Meanwhile, LINK’s market capitalization stands at $17.48 billion, albeit slightly corrected by 0.52%.

The total supply in circulation currently stands at 678.09 million LINKs out of a maximum total of 1 billion LINKs, indicating there is still considerable supply availability in the market.

Interestingly, despite the short-term price correction, community sentiment remains very optimistic. Out of more than 831K votes, 87% of investors are bullish on LINK. This support is further strengthened by market analysis which considers that if LINK manages to break through long-term resistance, the potential for a surge to the $73 range is still wide open.

Read also: VanEck Prediction: Bitcoin (BTC) Will Break $180,000 by the End of 2025

Solana (SOL) – Price Up 10.52% After Surging to $200 Area

The price of Solana (SOL) has shown a strong upward trend in the past week. Currently, SOL is trading at $209.82 (around Rp3.43 million at an exchange rate of $1 = Rp16,364), up 10.52% in the last 7 days.

The candlestick chart movement showed a consolidation phase in the middle of the week, before the price finally jumped sharply through the psychological area of $200 on August 23.

Market data recorded Solana’s capitalization at $113.39 billion, up 7.74% compared to the previous period.

The 24-hour trading volume also significantly increased by 20%, reaching $8.48 billion, signaling investors’ high transaction interest in SOL. In terms of supply, SOL tokens total 608.18 million, with around 540.43 million SOL already circulating in the market.

Community sentiment also remains very positive, with 85% of voters being bullish and only 15% being bearish. This price spike is considered a strong signal that Solana’s bullish momentum continues, with the potential to test higher resistance above $210 if the buying trend continues.

Conclusion

Based on the latest data, both Chainlink (LINK) and Solana (SOL) have shown positive trends in the past week. LINK managed to gain 14.5% and is now at $25.78, despite a significant drop in daily trading volume.

Meanwhile, SOL also recorded a 10.52% gain with prices breaking $209.82 (IDR 3.43 million), on the back of a 20% surge in trading volume indicating strong market interest.

Overall, both cryptocurrencies are showing bullish momentum, with Solana standing out thanks to its breakout of the $200 psychological level and Chainlink potentially continuing its rally if it is able to cross long-term resistance.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinmarketcap
• Featured Image: Generated by AI