Chainlink (LINK) and Cardano (ADA) Show Signs of Strength

As the crypto market gains traction, analysts are closely watching two altcoins—Chainlink (LINK) and Cardano (ADA)—for potential bullish continuation.

As the crypto market continues to recover, analysts are keeping an eye on two altcoins that could be setting up for further bullish continuation.

At the beginning of the week, crypto analyst Michaël van de Poppe spotted that Chainlink (LINK) had managed to show a solid initial bounce.

As the price of LINK had fallen to hit support at the lower edge of the current support zone, the token bounced to set up the formation of a higher low. This could serve as a launchpad for the token to rally toward the next target zone, which is around the $19.77 mark.

However, if the bears manage to break below the current support zone, then the next support level appears to be around the $13.06 mark.

Meanwhile, at the beginning of the month, Ali Martinez, a senior market analyst at crypto intelligence platform, River Averages, noted that Cardano (ADA) was currently trading within an ascending channel.

The token is also holding above the key support level of $0.72, which could open the path for an upswing toward the next resistance level, which is the channel's upper boundary around $0.92.

This bullish channel structure is typically viewed as a sign of healthy trend progression, especially as long as the lower boundary of the channel acts as a floor for the price.

Both assets are showing early signs of resilience, and if current structures hold, they could be among the leaders of the next market leg up.

As always, traders should monitor these zones closely and manage risk accordingly.