Chainlink, Cardano and Solana Lose Key Support Amid Market Sell-off

On October 8, Chainlink, Cardano, and Solana fell below key technical levels, failing to sustain recent rallies. The analysis by Ali Charts was published on October 7, and its targets remain conditional scenarios rather than confirmed benchmarks.

Chainlink is trading around $13.04 (down 4% for the day) with a market cap of $9.76 billion and a volume of $335 million. LINK remains below $13.56; if the decline continues, the analyst maintains targets of $12.39 and $11.98. Earlier this week, LINK was above $14, closing around $14.27 on October 4.

Cardano is trading around $0.2538 with a market cap of $9.53 billion and a volume of $668 million. Ali Charts noted ADA's rejection from the upper boundary of the ascending channel on the daily chart; the target is the lower boundary around $0.21, which would imply a decline of approximately 17%. On October 6, ADA approached $0.28, and open interest increased by about 25%; on October 5, Santiment counted 413 transactions over $100,000. Solana is trading around $113.65 (down 3%) with a market cap of $66.98 billion and a volume of $3.02 billion. Ali Charts recorded a break of the four-hour channel below $117: the first level of $114 has already been passed, the next is $111. Meanwhile, Santiment reports a 124% growth in the Solana network since the beginning of September and approximately 1.71 million new wallets daily; this data does not negate the short-term chart break.