Three altcoins, Sui (SUI), Aave (AAVE), and Chainlink (LINK), have flashed technical buy signals as cryptocurrency prices recover from their recent declines.
Summary
- Crypto analyst Ali Martinez has identified TD Sequential buy signals for SUI, AAVE, and Chainlink (LINK) on their three-day charts.
- SUI traded near $0.9164, with Martinez watching a possible move toward $1.11 and $1.20 if the recovery continues.
- AAVE recovered above $131, although technical indicators remained bearish as Martinez identified $146 and $176 as possible targets.
- Chainlink traded near $11.16, with resistance around $11.30 standing between LINK and the analyst’s $12.71 target.
- All three altcoins remained below important resistance levels, leaving the buy signals dependent on stronger buying activity.
Crypto analyst Ali Martinez identified the signals on November 4 using the TD Sequential indicator on three-day charts. The indicator looks for signs that an existing price trend may be losing strength, potentially allowing a reversal.
The signals appeared as all three cryptocurrencies attempted to recover from October’s selloff. SUI was trading near $0.92, while AAVE and LINK changed hands around $131 and $11, respectively, per crypto.news market data.
Despite the recovery, their daily charts continued to show selling pressure, leaving analysts focused on the resistance levels that buyers must overcome.
SUI price targets $1.11 as altcoin flashes buy signal
Sui was trading at $0.92, up over 5% on its daily chart after recovering from a low of $0.86. The token remained below its 20-day Bollinger Bands middle line at $0.95.
Martinez said the three-day TD Sequential had produced a buy signal, suggesting a possible rebound toward higher resistance.
“The level to watch now is $0.90,” Martinez wrote, identifying $1.11 and $1.20 as possible recovery targets.
With SUI already trading above $0.90 in the supplied snapshot, the next challenge lies near $0.95. A sustained move beyond that level would bring $1.00 and the upper Bollinger Band at $1.04 into view.
Meanwhile, the Relative Strength Index stood at 44.20, above its moving average of 40.13 but below the neutral 50 level. The reading suggested improving buying interest without confirming a bullish reversal.
Crypto analyst Giannis Andreou identified $0.85–$0.90 as an important support area. He argued that reclaiming $0.98–$1.05 could bring $1.20–$1.30 back into focus.
Earlier, crypto.news examined SUI’s correction when the token traded near $0.99 on October 20. At the time, analysts identified $1.05 as resistance and warned that daily momentum remained weak.
SUI has since moved lower, leaving the November recovery dependent on buyers defending the recent $0.8578 low.
AAVE price faces $146 resistance after TD Sequential buy signal
Aave recovered to approximately $131, gaining over 3% during the daily session after touching $123.
Martinez reported another three-day TD Sequential buy signal and identified $146 as the first potential recovery target.
“If buying pressure picks up, I’m watching for a rebound toward $146,” he said.
The analyst placed the next resistance near $176, where the TD Sequential setup trendline could limit further gains.
His latest assessment followed an earlier October 30 signal. On November 1, Martinez reported that AAVE had already rebounded 16% from that reading, with $155 identified as a possible target.
The daily chart offered a more cautious picture. AAVE remained below its 20-day moving average of $139 and 50-day average of $150.
The 100-day average at $130 provided nearby support, while the Aroon Oscillator stood at -64.29, indicating that bearish momentum continued.
AAVE would need to reclaim $139 before approaching Martinez’s $146 target. Losing $130 could instead bring $120 back into focus.
Separately, Aave recently adopted Chainlink’s pricing service for tokenized stock collateral on Horizon, allowing valuations during weekends and market holidays.
Chainlink price eyes $12.71 as LINK approaches key resistance
Chainlink traded around $11, recovering from a session low near $10.6 but remaining below its shorter-term moving averages.
Martinez identified $11.30 as the resistance level to watch after LINK produced its own three-day TD Sequential buy signal.
“Breaking past it could trigger a move toward $12.71,” the analyst wrote, with the setup resistance trendline near $14 providing another potential target.
The daily chart showed the nine-day moving average at $11.31 and the 21-day average at $11.70. LINK remained beneath both levels, with the shorter average below the longer one.
Its MACD reading was negative at -0.4125, against a signal line of -0.3913. The histogram stood at -0.0212, although shortening negative bars suggested that selling pressure was easing.
Michaël van de Poppe offered a more optimistic longer-term prediction on November 1, suggesting LINK could reach $20 in the first quarter of 2027.
The analyst based his view on a possible recovery from the $10.60 support area following the token’s recent correction.
Chainlink recently launched its 24/7 pricing service for tokenized real-world assets, naming Aave among its adopters.
For the immediate technical outlook, LINK faces resistance at $11.30 and $11.70. Below current prices, the $10.60 area remains the nearest support, followed by $10.00 if selling resumes.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
