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Chainlink, Cardano and Solana lose key support as short-term price targets turn bearish

first published 2026-10-08T10:26:51Z
Altcoin Adoption Network
Chainlink, Cardano and Solana are trading below important support levels after failing to hold recent gains. LINK remains under $13.56 with downside targets at $12.39 and $11.98, ADA was rejected near the top of its ascending channel and may retest $0.21, and SOL has fallen below its $114 target with $111 now the next support. The article notes Solana's strong on-chain growth, but says the near-term chart setups are bearish unless those broken levels are reclaimed.
AI Analysis
The summary describes three major altcoins breaking or losing support levels and identifies lower price targets, which is directly relevant to short-term trading. The mention of strong on-chain growth for Solana is offset by the article's overall bearish technical setups.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
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