TOP 3 altcoins with prominent trends today - August 13

Fartcoin (FARTCOIN), Chainlink (LINK) and Solana (SOL) continue to surge, landing in the group of the strongest growing altcoins in the past 24 hours, amid a market flooded with green. This excitement comes as the Consumer Price Index (CPI) for July in America remains unchanged at 2.7%, and U.S. Treasury Secretary Scott Bessent unexpectedly proposed cutting interest rates by up to 50 basis points, adding a positive breeze to investor sentiment.

Fartcoin leads the upward trend

As of Wednesday, Fartcoin recorded an increase of 1%, extending its upward trend by 19% from the previous session. The meme coin on the Solana platform has regained both the psychological threshold of 1 USD and the Fibonacci level of 61.8% at 1.005 USD, measured from the peak of 2.740 USD ( down to the bottom of 0.198 USD ).

To strengthen the uptrend, FARTCOIN needs to break through 1,085 USD to eliminate the bearish engulfing candle that appeared on Monday. If successfully conquered, the uptrend could extend to the Fibonacci 78.6% level at 1,562 USD.

Daily chart of FARTCOIN/USDT | Source: TradingViewTechnically, the MACD is giving a mixed signal as the MACD line converges with the signal line, while the RSI has bounced from the 48 level to the neutral zone, reflecting a gradual recovery in buying pressure.

Conversely, if it loses the 1,000 USD mark, FARTCOIN risks a deep correction to 0.737 USD – corresponding to a 50% retracement.

Chainlink restarts the uptrend

Chainlink (LINK) is regaining momentum after launching high-quality foreign exchange and precious metals data sources on the blockchain. As of Wednesday afternoon, the price of LINK continues to rise by 2%, extending Tuesday's breakout of 12%, marking a return to the upward trend after a 4.49% correction on Monday.

Currently, the upward momentum of LINK is aiming for the mark of 26.86 USD – a price that was last tested on January 22 – corresponding to an additional potential increase of about 10% from the current level.

Daily LINK/USDT Chart | Source: TradingViewHowever, the RSI index has reached 73, indicating an overbought condition as buying pressure increases, posing a risk of correction. Nevertheless, technical signals still lean towards a bullish trend as both the MACD line and the signal line are trending upwards.

In the opposite scenario, if buying pressure weakens, LINK may turn around to test the important support area at 22.05 USD.

Solana approaches the breakout threshold of 200 USD

Solana continues to break out in Wednesday's trading, rising another 3% after a jump of 9.69% the day before. This layer-1 token is now approaching the psychological milestone of 200 USD, after breaking through the 61.8% Fibonacci level at 191 USD — measured from the peak of 295 USD on January 19 to the bottom of 95 USD on April 7.

If SOL closes firmly above the Fibonacci level of 61.8%, the uptrend could be extended towards the Fibonacci level of 78.6% at 232 USD.

Daily SOL/USDT Chart | Source: TradingViewTechnical signals are supporting an upward trend: the MACD line has crossed above the signal line on Tuesday, issuing a strong buy signal, while the RSI is at 64 and continues to rise, indicating that there is still room for price appreciation.

However, if it cannot stay above the mark of 191 USD, SOL risks falling back to the zone of 167 USD, coinciding with the 50% Fibonacci retracement level.

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