Crypto Market Update: Crypto Prices Test Long-Term Trendlines Across Major Weekly Charts

Major cryptocurrencies are trading near long-established technical levels, as weekly charts show prices clustering around trendlines that have defined market structure and guided directional movement for many years across different cycles.

Across several large-cap digital assets, price action remains confined within recognizable formations, with repeated reactions at similar levels during past rallies, pullbacks, and prolonged consolidation phases. The combination of these charts suggests a long-lasting structural interaction rather than sudden shifts in direction, as the price is following the limits set long ago, which have been important for a long time.

Trading in Chainlink, Litecoin, Avalanche, Solana, NEAR, and Bitcoin Cash is guided by clear long-term formations, illustrating a continuous market memory that has been influential in determining prices across different bull and bear cycles. The alignment across assets suggests that broader technical structures remain intact.

Chainlink Trades Above Rising Support While Resistance Holds

Chainlink is still maintaining its position above a rising support trendline, which has been the reason prices have risen since its early market expansion. Trading this week has been volatile, but it has a base at the uphill trendline, which has also absorbed the pullbacks. 

The upward trend has remained intact even during deep market drops. The price also did not consolidate, thanks to the support trendline serving as the floor. At the same time, a resistance line has been drawn from the previous peaks, preventing the price from rising further. This is resulting in a narrowing price range on the weekly chart. 

The descending resistance has also been a barrier for the price, and several historical rejections can be seen on this resistance line, which caused the price to drop to the same levels during past rallies and across different market phases.

Pullbacks, however, have not prevented the price from being stabilized above the support, thus allowing the larger structure represented on the chart to be maintained.  The chart shows that the price is getting closer to the trendlines converging, indicating compression rather than a particular direction being confirmed.

Litecoin Continues Trading Within a Multi-Year Ascending Channel

Litecoin stays within a larger ascending channel that has guided price action for several years, with both the upper and lower boundaries repeatedly shaping rallies and declines on the weekly chart. Previous price expansions followed periods of consolidation near channel support, where selling pressure slowed and buyers gradually regained control.

Current price action shows Litecoin trading above the channel midpoint, maintaining alignment with its long-term upward structure. The chart displays multiple historical reactions at both channel boundaries, reinforcing their significance as long-term technical references.

Projected channel extensions align with earlier resistance zones observed during prior market cycles. Overall, Litecoin’s price behavior continues to conform to its established ascending framework.

Long-Term Structures Define Other Major Cryptocurrencies

Avalanche trades below a descending resistance line that originated near earlier cycle highs, while price also rests close to horizontal support that previously limited deeper declines during extended corrections. This combination forms a compressed trading zone, where the price has oscillated without decisively breaking in either direction.

Solana continues to trade within a rising channel that began after early-cycle lows, with multiple rebounds recorded from the lower boundary during past retracements. Presently, the price is solidifying under a significant historical resistance area near the previous highs, thereby maintaining the wide channel structure.

The NEAR price is at the bottom of a large symmetrical pattern with a rising lower boundary and a declining upper trendline. It has been almost six years since Bitcoin Cash has been testing the resistance line, holding on to support below it, where several of the upswings across different cycles have been halted. 

Price action on all charts continues to be dominated by established technical boundaries rather than moving freely through them. It is also the aforementioned situations that reveal the long-term structures in the market that have been persistent. Are these converging levels hinting at a coming resolution of the market structure that will be decisive?

Also Read: Crypto Prices Today: Bitcoin Price Above $88,000, Ethereum Up 1.02%, Solana at $122

Conclusion

Weekly crypto charts show major assets trading near long-term trendlines that have guided prices across several cycles. Support and resistance zones remain respected as structures tighten. The key takeaway is clear: traders and analysts should monitor these levels closely for signals that confirm continuation or structural change.