- ChainLink joined 8%, now oscillating about $ 16.
- Link's daily trading volume has climbed more than 150%.
The recent recovery in the cryptography market has moved the red trend towards green. The main active ingredients have made stable gains with Bitcoin (BTC) climbing in the range of $ 104.2,000, and Ethereum hovering at around $ 2.3,000. Meanwhile, ChainLink (Link) recorded an increase of 8.51%.
ChainLink opened the day at a beach of $ 14.83. Little by little, on the bullish heels, the asset climbed to a summit of $ 16.69 and chose to negotiate upwards. At the time of writing, Chainlink trades In terms of $ 16.15 with a market capitalization of $ 10.61 billion.
In addition, the market observed a liquidation of $ 2.57 million in chain bonds during this period, depending on Coinglass data. In particular, the daily negotiation volume of the asset jumped more than 150%, reaching $ 875 million.
Can ChainLink reach new heights?
Chainlink increased prices increased the higher price to test resistance to around $ 16.50. Assuming the prolonged gain of the asset, its price could go to the resistance range of $ 17 and launch the golden cross.
A reversal of the current price action could trigger it to fall to the $ 16 range support area. If the downward correction is strengthened, Chainlink could break below the $ 15 support zone, inviting the death cross to emerge.
The Line of Divergence of Mobile Mobile Convergence of the Activates (MacD) has crossed on the signal line, indicating a bull's note with a potential of movement upwards. In addition, the Chaikin monetary flow indicator (CMF) of Link, found at 0.18, suggests that the capital takes place in the assets with a purchase pressure on the market.
Link's daily force of Daily Force (RSI), resting at 76.95, is overcrowded territoryinvolving the potential withdrawal or consolidation of the assets. In addition, the Bull Bear Power (BBP) value of 1.671 signals the upward force and the momentum up.
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