Cryptocurrency Technical Forecast: Solana (SOL) And ChainLink (LINK) Resistance Levels Ahead

Solana (SOL)Above: Solana (SOLUSD) Solana has moved up by more than 12.5% during the Friday trade session. This represents the most significant daily range move since September 22nd. In addition, the move has resulted in Solana breaking above its Tenkan-Sen and primary resistance level near the $150 value area. The next resistance zone for Solana is the Kijun-Sen at $166. However, bulls should take caution here as hidden bearish divergence has printed on the Composite Index and the slope of the rise in the Optex Bands suggests an overdone move would occur if there is any further upside movement.On the weekly chart (not shown), the Composite Index is at an angle that suggests a cross below both of its moving averages is likely – this is a bearish event, but bears would need to push Solana lower to confirm the cross. The Relative Strength Index remains above 70 and is sloping higher to hit the first overbought level in a bull market on the RSI at 80.ChainLink (LINK)Above: ChainLink (LINKUSD) ChainLink has experienced a +10% spike, bouncing right off the confluence zone of support where the Tenkan-Sen and Senkou Span B exist. It is driving higher and is now trading just a hair above the 50% Fibonacci level at $25.16. There is a relatively wide-open space within the Ichimoku system and Fibonacci retracement levels between $25.16 and the next cluster of resistance levels above the $29 value area. The $29 resistance level contains the bottom of a primary bear flag channel, Senkou Span A, the Kijun-Sen, and the 61.8% Fibonacci retracement. This price level suggests traders will have difficulty pushing ChainLink above this level, but any breakout above it would indicate an honest move.Bulls and bears will want to watch the Relative Strength Index as ChainLink approaches the $29 value area. Any resistance in the Relative Strength Index at 55 or 65 may suggest a denial of higher moves and the formation of a new bear market. 55 and 65 are the overbought levels in a bear market within the RSI. Additionally, both the Optex Bands and the Composite Index show extreme slopes. The Composite Index is at risk of forming hidden bearish divergence while the Optex Bands have a slope that points to extremes and false moves.