A naukri.com initiative
TheNewsCrypto
2w
209
Will Chainlink (LINK) Break Through $15 or Face a Reversal?
- Chainlink (LINK) has shown a slight increase of over 0.95% in the past 24 hours, trading within the range of $12.94 to $13.72.
- With a market cap of $9.07 billion, LINK's trading volume has surged by 11.81% to $519 million.
- Despite a 14.85% loss in the last thirty days, LINK may see further gains if it breaks key resistance levels.
- On the four-hour chart, Chainlink is on an upward trajectory, aiming to retest the $13.40 resistance level and potentially reach $14.
- If LINK fails to hold its current price, it could test support near $13.29, risking a further drop towards $13.20.
- Technical indicators like the MACD and CMF suggest bullish momentum for Chainlink.
- The RSI at 64.16 indicates strong bullish momentum, while the BBP value of 0.77 signals a bullish sentiment.
- Overall, the market sentiment is neutral as LINK aims for potential upside gains.
- The crypto market cap stands at 3.27 trillion, with Bitcoin (BTC) trading around $106.3K and major altcoins in the red.
- The fear and greed index is at 48, reflecting a balanced market sentiment.
- The broader crypto market remains robust despite the Federal Reserve pausing rate cuts.
- Highlighted News: 'Crypto Stays Strong as Fed Pauses Rate Cuts: What It Means for Investors'
Read Full Article
12 Likes
For uninterrupted reading, download the app