Solana And Chainlink Present Diverging Momentum As Market Witnesses Volatility

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.