SOL, LINK, OM and RAY Flashing Signals as Bitcoin Traders Anticipate BTC’s Next Move

Bitcoin (BTC) was relatively quiet over the weekend, indicating that bulls and bears did not make big bets on directional movement. In an analyst note published on January 25 by Cointelegraph, Nick Forster, founder of onchain options protocol Derive, said: “The market appears to be limited for the asset in the short term.

A more bullish prediction came from CryptoQuant contributor IT Tech, who in an analyst note on January 24 said that long-term Bitcoin holders (LTH) – those who hold their Bitcoin for more than 155 days – continue to buy at a discount and short. Word holders purchased during demonstrations. That will make IT Tech higher on Bitcoin over the next 12 months.

Analysts are divided on Bitcoin's prospects in the near future, and the same is true of altcoins. While some expect altcoins to start outperforming in 2025, crypto analyst Ali Martinez has a different opinion. Ali said in a post on X that the current peak supply of 36.4 million altcoins, compared to less than 3,000 during the 2017-2018 altseason, reduces the likelihood of continued altcoin performance.

Will Bitcoin rise to new all-time highs and sentiment? If that's the case, let's take a look at the charts of the top cryptocurrencies that are likely to outperform in the near future.

Bitcoin price analysis

Bitcoin is squeezed between the 20-day exponential moving average ($101,493) and potential resistance at $108,353.

The rising 20-day EMA and the Relative Strength Index (RSI) indicate an upward path of least resistance in the positive territory. A break and close above $109,588 could signal the start of the next up leg. The BTC/USDT pair may rise to $126,706.

Conversely, if the price declines from the overhead resistance and breaks below the 20-day EMA, it suggests that the pair may remain in the range between $90,000 and $109,588 for a few days. Sellers need to break below the $90,000 to $85,000 support zone to dominate.

The 4-hour chart shows the pair trading between $100,000 and $109,588 over the past few days. The flat 20-EMA and RSI near the midpoint do not give a clear advantage to either the bulls or the bears.

A break and close above $107,250 could push the pair towards resistance at $109,588. If this level clears, the pair could rise to $119,176. On the upside, a break and close below $100,000 could sink the pair to $90,000.

Solana price analysis

Solana (SOL) is seeing a fierce battle between bulls and bears near $260.

An upward 20-day EMA ($232) and an RSI above 65 indicate that buyers are ordering. A close above $273 could open the door to a move higher to $296. This level may pose a strong challenge, but if cleared, the SOL/USDT pair may rise to $375.

If the price declines and breaks below $229, this optimism will be invalidated in the near term. The pair may move towards the 50-day simple moving average ($212) and eventually lower towards $180.

The pair has formed a symmetrical triangle pattern on the 4-hour chart, indicating uncertainty about the next directional move. The Bulls take control on the break and close over the triangle. That could bring the pair to $296 and later to $312.

On the contrary, breaking and closing below the triangle indicates the beginning of a deeper correction. The pair may drop to strong support at $229, but if this level is broken, the next stop could be at $206.

Chainlink price analysis

Chainlink (LINK) is facing a sell-off at $27.41, but the positive sign is that the buyers haven't given much ground to the sellers.

The 20-day EMA ($23.91) is turning, and the RSI is in positive territory, indicating that the bulls have an edge. If the price rises above $27.41, momentum may rise, and the LINK/USDT pair may consolidate to $31 and then to $33.36.

If the bears want to avoid bullishness, they need to lower the price below the moving averages. That opens the door to a break from critical support at $20, where buyers are expected to move in.

The 4-hour chart shows the formation of a symmetrical triangle pattern, indicating a conflict between the bulls and the bears. If buyers push the price above the triangle, the pair can rally to $27.41. This level could act as a strong barrier, but if buyers prevail, the pair could climb to the $28.81 pattern target.

If the price declines and breaks below the triangle, this positive view is worthless in the near term. Then the pair could drop to $22.19.

RELATED: Binance Bitcoin Price Hits ‘Gap' Record As Perps Remains Bearish At $105K

MANTRA price analysis

MANTRA (OM) rallied above resistance at $4.63 on Jan. 26, but the bulls are struggling to sustain higher levels.

If the price is below $4.63, the bears will try to pull the OM/USDT pair to the moving averages. If they can do that, it suggests that the pair could stay in the $4.63 to $3.39 range for some time.

Instead, if the price closes above $4.63, it shows that the buyers are in control. The bulls will try to overcome the barrier at $5.11, the next leg of the rally to $5.87 and then to $6.32.

The 4-hour chart shows that the price has bounced back below $4.63, indicating that the bears have not given up. Buyers are expected to strongly defend the $4.40 to $4.20 support zone. If the price recovers from this zone and breaks above $4.63, the bulls will again try to push the pair above $5.11.

Conversely, a break and close below $4.20 indicates that a break above $4.63 could be a bull trap.

Analysis of the value of radium

Radium (Ray) continued to rally after breaking above $6.50 resistance on January 18, indicating that the bulls are in control.

The RAY/USDT pair bounced back from $8.70 but is finding support at the 38.2% Fibonacci retracement level at $6.95. If the price rises above $8, the pair can retest the $8.70 resistance. A break and close above this level could take the pair to $10.

The $6.50 level is an important support to watch on the downside. A break and close below $6.50 suggests the bulls are rushing to the exit. That could pull the pair towards the 50-day SMA ($5.51).

The pair's reversal is finding support at the 50-SMA, which indicates buying on dips. To signal strength, buyers should press and hold the price above the 20-EMA. The pair may rise to $8.31 and then to $8.70.

Conversely, if the price declines and breaks below the 50-SMA, it indicates that the bears are selling in rallies. That increases the risk of a fall to $6.50 and then to $5.89.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.