The altcoin sector has lately been witnessing divergent performance, as seen in the prices of the top crypto assets like Solana ($SOL) and Chainlink ($LINK) amid the “bull vs bear” tug of war. The exclusive market data points out that Solana ($SOL) has seen a notable 4.81% drop at $183.26 while Chainlink ($LINK) is trading at $25.05, indicating a 4.8% increase.
This contrasting outlook of both the altcoins indicates the shifting investor momentum. Specifically, Solana’s sheer drop over the past few hours could raise concerns among the community.
$SOL Sees 4.81% Dip as Investor Sentiment Shifts Amid Volatility
In line with the new data, Solana’s ($SOL) current price is $183.26. This indicates a significant 4.81% dip over twenty-four hours. At the same time, the market capitalization of the crypto asset has also plunged by 5.21%, $98.84B. Even then, the 24-hour volume of the $SOL has surged by 37.17% to touch $5.17B.
Apart from that, the $195.44 is the key price level after which a sheer decline has taken place in the price. Simultaneously, the respective point denotes an immediate resistance level hindering price upsurge. Additionally, $181.87 serves as the immediate price support for the asset in the case of further drop.
$LINK Rises by 4.8%, Showing Renewed Investor Interest
On the other hand, Chainlink ($LINK) has effectively reached the $25.05 mark, presenting a 4.8% spike over 24 hours. Adding to this, the market capitalization of the crypto coin stands at $16.85B, displaying a 2.75% rise. Concurrently, the 24-hour volume of $LINK has touched $3B, denoting 146.31% growth.
Overall, the divergence in the performance of $SOL and $LINK points out the shifting investor behavior. Nonetheless, despite the short-term slump of $SOL, the pro traders tend to hold on while going through the volatile phase. Moreover, amid the influence of macroeconomic factors and other crypto-centered catalysts, the market onlookers will keep watching for the further market evolution.
