"Crypto Market Turmoil: SOL Plummets, PEPE Holds Steady, LINK Eyes Recovery"

The cryptocurrency market has been volatile, with some coins surging and others plummeting, causing confusion and panic among investors. Despite the turmoil, certain cryptocurrencies have been trending, each for different reasons. Here's a look at three trending tokens today: SOL, PEPE, and LINK.

SOL

Data from Santiment indicates that SOL was one of the most trending tokens today. This attention followed the headlines surrounding Solana-based token Libra, which captured investor interest. However, the attention was largely negative, as many inferred that LIBRA was a pump-and-dump scheme. Consequently, investors suffered significant losses, and SOL prices fell by 10.5% in just 24 hours, currently trading at $168. This decline invalidated the upward wedge pattern and replaced it with a bearish momentum, which analysts expect to persist in the short term.

PEPE

PEPE, a meme coin, has been making headlines amidst increasing competition in the meme coin landscape. Despite this, PEPE has maintained its status as one of the top-performing meme coins. Currently trading at $0.00000995, PEPE is holding well over the downtrend line, suggesting stability. If this continues, PEPE could potentially surpass the $0.00001146 resistance level and approach its previous high of $0.00001369.

LINK

LINK, another trending token, is currently holding above the downtrend line and trading at $18.20. The downtrend line has been acting as a support since the beginning of the year. Analysts believe that if LINK breaches the $19.23 mark, it could signal a bullish momentum, potentially catapulting the coin towards the $22.03 marker. If LINK manages to breach this level, it could recover its recent losses and boost investor confidence.