Solana News Today: SOL ADA LINK trade near support with 10x return potential by mid-2025

SOL, ADA, and LINK continue to trade near key support levels, signaling a mix of short-term bearish pressure and long-term potential for significant gains. The broader crypto market remains in a consolidation phase, with these three major altcoins showing varied, yet strategically positioned, technical conditions.

Solana (SOL) has traded in a steady downtrend, consolidating near $177 after peaking at $190. The price remains within the lower bounds of compressed Bollinger Bands, indicating reduced volatility and potential for a breakout once new momentum emerges [1]. Moving averages maintain a bearish alignment, with the MA 7 and MA 25 below the longer-term MA 99. Despite weak volume and sellers dominating rebounds near $179–180, analysts remain optimistic about SOL’s potential for 10x returns by mid-2025 [1].

Cardano (ADA) has settled near $0.85 after a decline from $0.95, with all major moving averages above the price, reinforcing a short-term bearish structure. The price remains close to the lower Bollinger Band at $0.8479, and while volume shows some green spikes, red volume bars continue to dominate, indicating sellers hold control [1]. Bollinger Bands have narrowed, suggesting a possible buildup for future directional movement. Analysts project strong recovery potential for ADA, positioning it as a coin likely to deliver 10x returns by mid-2025 [1].

Chainlink (LINK) remains under pressure as it defends the $24 support zone after losing ground above $25–26. The price currently oscillates between $23.58 and $23.99, with Bollinger Bands narrowing to 0.03, signaling the potential for a sharper breakout. Volume remains subdued, with intermittent spikes failing to reverse the bearish trend [1]. Despite the short-term challenges, LINK continues to be seen as one of the coins with a strong outlook for 10x returns by mid-2025 [1].

Each of these coins reflects a broader market pattern where short-term weakness does not necessarily negate long-term potential. While SOL, ADA, and LINK face immediate challenges, analysts highlight their strategic positioning in the broader altcoin landscape. These assets remain relevant in the ongoing discussion about future market trends and crypto growth opportunities [1].

Source: [1] Crypto Market Update: SOL at $177, ADA Near $0.85, and LINK Defends $24 Support as 10x Returns Loom by Mid-2025 (https://cryptonewsland.com/crypto-market-update-sol-at-177-ada-near-0-85-and-link-defends-24-support-as-10x-returns-loom-by-mid-2025/)