Altcoins, including Chainlink ($LINK), are showing signs of recovery as they reclaim key technical levels. Many altcoins are aligning with 7-day relative volume-weighted average prices (RVWAPs) and targeting the 100-day moving average (MA100), which is currently in line with the monthly open (MO) and 30-day RVWAP. The market's direction largely hinges on Bitcoin's performance, which remains uncertain following last week's volatility. Despite Bitcoin's bearish outlook, there is a prevailing sentiment that altcoins may rise before potentially declining again.