Technical analyst Ali Charts has flagged fresh downside levels for three major altcoins — Chainlink (LINK), Cardano (ADA), and Solana (SOL) — as technical weakness spreads across the altcoin market. In a post on X, the analyst outlined the key levels to watch: LINK risks a move toward $12.39 after breaking below its head-and-shoulders neckline, with $11.98 next if selling continues. ADA faces a potential decline toward $0.21 after rejection at the upper of its ascending channel, while SOL needs to hold $117, as a confirmed breakdown could expose $114 and $111 as the next downside levels. The calls rest on classical chart analysis — pattern structures, trendline channels, and momentum indicators — the same toolkit traders use to frame where a pullback may deepen or stall.

Chainlink Breakdown Puts $12.39 in Focus

According to Ali Charts, Chainlink is breaking below the neckline of a head-and-shoulders pattern visible on LINK's four-hour chart. In classical chart analysis, a head-and-shoulders formation — two lower peaks flanking a higher middle peak — is treated as a bearish reversal structure, with the neckline acting as the support line whose loss marks confirmation. The setup remains active as long as LINK stays below $13.56. If that condition holds, the analyst is watching $12.39 as the first downside target, with continued selling potentially putting $11.98 into focus.

Cardano is also facing resistance after reaching the upper boundary of an ascending channel on its daily chart. Ascending channels are bounded by parallel rising trendlines, and the upper line frequently serves as dynamic resistance when price stretches to the top of the trend. Ali Charts said ADA was rejected at that level, and if the rejection holds, he expects price to move toward $0.21.

Solana Confirms Four-Hour Breakdown

Solana has broken below support on its four-hour chart, according to Ali Charts. A four-hour close below $117 would confirm the breakdown, placing $114 in focus. Close-based confirmation is a common technical convention, since it filters out brief intraperiod spikes before a breakdown is treated as valid. If SOL loses $114, the next level the analyst is watching is $111. He said these levels could help track whether the pullbacks gain momentum.

Altcoin Market Falls Toward $230 Billion

The broader altcoin market has weakened alongside these individual setups. The total crypto market capitalization excluding the top 10 assets stands at $235.68 billion, having fallen 1.05%, or $2.51 billion, during the latest session. The market opened at $238.19 billion, reached $238.31 billion, then fell to $234.61 billion.

The market previously climbed from roughly $205 billion–$210 billion above $220 billion and $230 billion. It later reached about $255 billion before forming lower highs and breaking below the $245 billion–$250 billion consolidation area. Immediate support sits near $235 billion, followed by $230 billion and then $220 billion. On the upside, $240 billion marks the first recovery level, while $250 billion remains a major resistance zone.

On the indicators, the relative strength index (RSI) is at 33.08, below its 44.67 average and near the oversold threshold — RSI readings below 30 are traditionally classified as oversold. The MACD line is at negative $2.13 billion, below the negative $1.01 billion signal line, a configuration conventionally read as bearish momentum, and its histogram stands at negative $1.12 billion. Taken together, the pattern levels, market-cap supports, and momentum readings give market participants a defined set of checkpoints for judging whether the current weakness extends.