LINK, SAND, VET Price Analysis: Is XRP’s 400% Rally Equally Bullish for These Altcoins?

XRP (XRP) fell by 12.60% on Dec. 3, retreating sharply after touching $2.87, its highest price since February 2018. The cryptocurrency’s 30-day returns remain above 400%, with extremely overbought conditions furthering selloff possibilities.

Meanwhile, other altcoins such as Chainlink (LINK), The Sandbox (SAND), and VeChain (VET) are capitalizing on the slowing XRP momentum. These tokens have registered significant gains over the past 24 hours, surging by 26.75%, 22%, and 30.45%, respectively.

Here’s a closer look at their market dynamics based on technical charts.

Chainlink (LINK) Technical Analysis

LINK/USDT Four-Hour Price Chart: Overbought Correction Imminent

LINK’s price is consolidating within a downward-sloping channel (flag) after a sharp rally from $19.50 to $24.63 (flagpole). The breakout target for the bull flag is calculated by adding the flagpole’s height to the breakout point near $25.

The 50-EMA ($19.50) and 200-EMA ($15.87) trend upward, reinforcing the bullish sentiment.

The RSI sits at 72.33, indicating overbought conditions. While this reflects strong bullish momentum, it also raises the risk of short-term profit-taking or a deeper pullback before a breakout occurs.

LINK/USDT Weekly Price Chart: Long-Term Uptrend Intact for 2024, 2025

The weekly LINK/USDT chart reveals a well-defined ascending channel, suggesting a long-term bullish trajectory. The ongoing breakout above $18.50, a key resistance level, indicates a potential upside continuation toward $34.25, the 0.618 Fibonacci retracement level.

However, the RSI nearing overbought levels could lead to interim corrections. Support near $18 and $13.70 (the 50-week EMA) remains crucial for maintaining LINK’s broader bullish structure into 2024.

The Sandbox (SAND) Technical Analysis

SAND/USD Four-Hour Price Chart: 18% Upside Move Possible

SAND has broken out of a symmetrical triangle on the four-hour chart, accompanied by a surge in trading volumes. This bullish continuation pattern points to an upside target near $0.94, derived from measuring the triangle’s height and projecting it from the breakout point.

The RSI hovers near 70, suggesting room for further upside before overbought pressures emerge. Immediate support lies at the triangle’s resistance-turned-support level, near $0.75.

SAND/USDT Weekly Price Chart: Price Can Drop 75% If…

Despite the short-term optimism, SAND’s weekly chart shows bearish risks. The token remains confined within a broader descending triangle, with resistance near $0.783 and support at $0.189.

That said, SAND’s price can drop 75% to $0.189 in Q1/2025 if it fails to close above the 0.783 resistance level.

VeChain (VET) Technical Analysis

VET/USDT Four-Hour Price Chart: Selloff Risks Lie Ahead

VeChain’s price has climbed nearly 30% over the last 24 hours, pushing above $0.067. However, the four-hour chart shows the token testing the upper boundary of its ascending parallel channel. The RSI has surged above 74, signaling overbought conditions.

This setup raises the likelihood of a pullback. Immediate support is found near $0.063, followed by $0.054 (the channel’s lower trendline).

VET/USDT Weekly Price Chart: 50% Decline Possible in December

On the weekly chart, VET has broken above a multi-year descending triangle, but the breakout’s sustainability remains uncertain. The RSI has entered overbought territory, which could attract profit-taking.

If bulls fail to maintain the breakout, VET risks falling back into the triangle structure, potentially retesting support near $0.03—a nearly 50% decline from current levels. Conversely, holding above the 0.236 Fib line of around $0.073 could push VET toward the 0.382 Fib line at $0.109 in the coming weeks.