There is minor resistance at the 50-day SMA ($9.58), but the level is expected to be crossed. The LEO/USD pair may then retest the critical overhead resistance of $9.90. If buyers overcome the barrier at $9.90, the pair will complete an ascending triangle pattern. That could start a move toward the target objective of $12.04.

Sellers will have to pull and maintain the price below $9.24 to gain the upper hand. That could start a decline to $8.79. 

Chainlink price analysis

Buyers are struggling to propel Chainlink (LINK) above the 20-day EMA ($12.81), but they have kept up the pressure.

There is minor support at $11.68, but if the level cracks, the LINK/USDT pair could plunge to the support line of the descending channel pattern. Buyers are expected to defend the level, but if the bears prevail, the pair could drop to $8.

If buyers want to make a comeback, they will have to kick the price above the moving averages. The pair could then climb to $16 and later to the resistance line. A break and close above the channel signals a potential trend change.

Avalanche price analysis

The failure to push Avalanche (AVAX) above the downtrend line may have attracted profit booking by the short-term bulls.

The bears are trying to sink the AVAX/USDT pair below the 20-day EMA ($18.98). If they manage to do that, the pair could descend to the $15.27 support. Buyers are expected to vigorously defend the $15.27 level because a break below it may start the next leg of the downtrend to $14 and then $12.

The first sign of strength will be a break and close above the downtrend line. That opens the doors for a rally to $23.50. If buyers overcome this barrier, the pair will complete a double-bottom pattern with a target objective of $31.73.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.