Chainlink has seen a swift rebound today after posting some intense weakness yesterday. This has allowed it to recapture its position above $15.00, and it is now showing some signs of technical strength as analysts watch for further upside. In the near-term, which direction it trends may depend largely on its ongoing trendline breakout, which…
Bitcoin is currently flashing some subtle signs of strength as the benchmark crypto pushes towards its resistance at $7,000, with this ongoing upswing providing most major altcoins with some much-needed strength.This has led one analyst to note that an aggregated index of some of the largest altcoins is signaling that bullish continuation is imminent, which…
Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the…
As a startup, Chainlink solves a significant obstacle that concerns transferring data between blockchains and the real world. The protocol, whose origins date back to September 2014 – a period when half of the world have not even heard about blockchains and Bitcoin, offered a solution that enables independent data sources to feed information into…
Chainlink’s bullish momentum hit a brick wall at $20 per LINK token, causing the previously unstoppable asset tumbling by as much as 25% in two days. After over 5,000% returns over the last two years, profit-taking may have only just begun. Now that Chainlink has started to fall, how deep can the correction go? 25%…
Decentralized finance (DeFi) tokens, including Chainlink (LINK), Yearn.finance (YFI), and Aave (LEND) strongly recovered after a prolonged slump. At its monthly low, YFI declined by nearly 64% in the past 11 days. Similarly, DeFi giants like Chainlink declined by 45% at the monthly low since mid-September. The 1-hour chart of Yearn.finance (YFI). Source: YFIUSD on…
Chainlink (LINK) is ripping higher once again, despite a stagnation in the price of Bitcoin and other top cryptocurrencies. The altcoin is up 20% in the past 24 hours, surging as high as $18.40, a new all-time high price. LINK has since seen a slight retracement to $18 as there are some that are selling…
Chainlink’s immensely bullish uptrend came incredibly close to being invalidated last week during the market-wide downturn, but bulls have since been able to propel LINK higher and bolster its market structure.One top trader is now noting that he is anticipating the crypto to see near-term upside.This possibility could be further enhanced by bull’s ongoing attempt…
Chainlink (LINK) was soaring high in the early European trading session Thursday as traders continued to seek hedge in the cryptocurrency market against a choppy Bitcoin. The LINK-to-dollar exchange rate surged to $24.9, up 15.16 percent from its intraday opening value. The latest upside appeared near a confluence of supports around the $19-20 price range,…
Chainlink (LINK) is up 25% and it broke many hurdles near $14.00, similar to bitcoin and ethereum. The price is now approaching a major resistance near the $16.00 level. Chainlink token price is gaining bullish momentum above $14.00 against the US dollar. The price is now trading above the $15.00 level and the 100 simple…