Lately, the best-performing assets have been Chainlink (LINK) and Tezos (XTZ), which is noteworthy considering this is lengthy bullish cost activity from large-cap cryptos other than Bitcoin (BTC) and Ether (ETH). Chainlink is up 165% since the start of this year, while Tezos made a 180% upwards move. These upward movements warrant an analysis of the charts.

Crypto market daily performance. Source: Coin360

Tezos has one hurdle before a massive upwards motion

XTZ BTC 3-day chart. Source: Cointrader.Pro

The XTZ/BTC three-twenty-four hours nautical chart shows a clear breakout of the resistance at 0.0002570-0.0002600 satoshis. This level was a pregnant resistance for a long fourth dimension, equally the price of Tezos failed to break through this level 4 times in the past 18 months. The fifth attempt finally made a definite breakthrough.

The big difference betwixt the previous attempts and the current one is the sudden increase in volume. Through the by few months, the volume on Tezos increased significantly, which led to the breakout of this vital resistance level.

Tezos price is currently hovering effectually the final hurdle before a continuation of the up rally. Breaking through the 0.0003450 satoshis level would adjust a continuation of the momentum. The next targets are institute at 0.0005000 and 0.0005500 satoshis, a possible increase of another 50% on the price.

XTZ BTC iv-hour nautical chart. Source: TradingView

The 4-hour chart shows a clear range between the price of Tezos is moving. The price of Tezos dropped the past few days towards the support and confirmed the 0.0002915 satoshis level every bit support.

The recent Bitcoin price correction was the master crusade of this driblet. Many altcoins, including Tezos, immediately bounced dorsum upwardly, and some of them already made new highs in their Bitcoin pair.

The resistance of 0.0003380-0.0003500 satoshis is currently being tested and a breakthrough of this level is leading to a continuation of the upward surge.

Tezos heads towards $4 every bit next resistance level

XTZ USD three-day nautical chart. Source: Cointrader.Pro

The USD nautical chart of Tezos is showing many similarities with the BTC chart, every bit it's also showing a meaning increase in volume. An apparent breakthrough of the resistance at $1.75, causing the up momentum to go along towards $iii.fifty. The next hurdle to take would be the $4 level.

If the price of Tezos can break through the $4 resistance, continuation towards $5.85-$6 looks likely to occur.

However, a retest of previous resistance levels is not out of society. If such a move occurs, levels to focus on are the $ane.75 and $ii.50 levels.

XTZ USDT iv-hour nautical chart. Source: TradingView

The XTZ/USD pair is likewise showing range-spring movements on the 4-hour chart, just like the Bitcoin pair. Still, at that place's 1 big difference that can be spotted. The USDT pair shows an apparent support/resistance flip at the $two.75 level.

The $2.75 level was previously a resistance, which at present has been confirmed every bit back up since buyers stepped in at this level.

Given that the $2.75 level confirmed as support, upwardly continuation looks more than likely than a downwards motility. Retesting the $3.fifty-3.55 resistance would usually lead towards a breakout and extension towards the $4 level.

LINK/USDT approaches an all-time high

LINK USDT 1-twenty-four hour period nautical chart. Source: TradingView

Chainlink shows a clear upward tendency with wonderful support/resistance flips. Since the $2.30 test in January, all the levels have been retested for support. Each of these tests led to continuation of the up trend.

Right now, a similar test has been done at the $three.75-$3.80 expanse, which currently functions as back up once again.

It's likely that Chainlink will go on moving upwards, as it's been showing forcefulness throughout the whole crypto bear marketplace. Determinations of a possible target are hard to do, as Chainlink will be moving into price discovery.

LINK USDT 4-hour chart. Source: TradingView

The 4-hour timeframe shows a articulate retrace towards the previous back up level at $3.lxxx, mainly acquired past a corrective movement from Bitcoin. However, buyers immediately stepped in at this level, equally the toll of Chainlink is currently 17% higher than that back up level.

Such a strong bounce would make me look a examination of the resistance level at $4.50-$4.60 and a likely breakthrough. This level is the last hurdle for Chainlink to take before information technology tin can start moving into price discovery.

Still, if the cost rejects at the $iv.fifty-$4.60 level, a retest of the $three.80 level is probable to occur. It is also worth mentioning that the more ofttimes a level is tested, the weaker it becomes. The price of Tezos needed 4 tests in 18 months before information technology was finally able to break through significant resistance.

Therefore, if Chainlink can't break through the $4.fifty-$4.60 level, the commencement support level is establish at $iii.eighty. Notwithstanding, this would mean renewed tests, which ordinarily weaken the back up and perhaps lead to a  trend reversal over the short term.

LINK/BTC reaches a new best high

LINK BTC i-day chart. Source: TradingView

The LINK/BTC pair is already showing massive force, as it'due south in toll discovery. Similarly, many back up/resistance flips can be seen from the chart, indicating that a articulate uptrend is currently taking place.

Equally long as the support at 0.0004 satoshis holds for support, continuation upwards is probable.

LINK BTC four-hour chart. Source: TradingView

The four-hour timeframe is showing a articulate support/resistance examination at the 0.0004 satoshis level. The resistance is establish at 0.000472 satoshis which means that Chainlink is currently range-bound.

Given the strength of the bounciness, it's likely to run across a continuation to the upside. The side by side big hurdle is the recent high at 0.000472 satoshis. When that occurs, extension in price discovery is what happens, which usually ends upwardly with strong parabolic movements.

Withal, if the price of Chainlink tin't break through this resistance, a renewed test of the 0.0004 satoshis level is warranted.

The views and opinions expressed here are solely those of the writer and do not necessarily reverberate the views of Cointelegraph. Every investment and trading move involves hazard. You should carry your own research when making a determination.