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After a sideways price action during the weekend, Bitcoin (BTC) price closed the week at $41,732. This was the lowest level for the most valuable digital asset in almost four weeks. Ethereum (ETH) price also fell below $2,500 as investor focus shifted to Celestia (TIA), Chainlink (LINK) and SUI.
At press time, BTC price was fondling with the yearly open of $42,282 after a slight recovery in the Asian session on Monday. Despite the pullback in leading cryptocurrency, the Total 3 market cap was still up 1.22%.
Celestia (TIA) appeared as the pick of the altcoins after making a new all-time high of $19.90 on Sunday. As a result, the market capitalization of TIA crypto hit $3 billion. Chainlink and SUI also experienced increased buying pressure, and both digital assets were up 7% and 1.4%, respectively.
It seems like TIA price has no ceiling as the rally keeps extending. After a brief pullback at the end of last week, the asset turned green again on Monday. The bullish market structure points toward more upside as the bulls target a new all-time high above $20.
The technical analysis gives a possible Celestia price target of $20.72, which aligns with the 1.618 fib extension level. This target will remain valid as long as the price holds the $17.90 support level.
After perfectly meeting my price target of $1.25, the SUI price is still gaining strength. Despite a negative price action in Bitcoin, the smart contract cryptocurrency has found support at $1.22. If this level holds, I expect a move toward $1.50 in the coming days.
After a 3.81% pump on Monday morning, the LINK price is up 7% in the last 24 hrs. The bullish pressure suggests a move toward $15.72, which is the next resistance level. A break of this resistance might push it toward the December high of $17.65. However, this move will be invalidated in case of a breakdown below the $14.40 support level.
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