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 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…
Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak. Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble Momentum…
Chainlink has seen some volatile price action throughout the past couple of days, with its price oscillating between lows of $7.40 and highs of $8.80. This volatility has come as it decouples from the price action seen by Bitcoin and the aggregated crypto market – which, for the time being, is a positive technical development.…
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%…
Macro uncertainty within the global markets has had a trickle-down effect, causing Bitcoin to see consolidation and weakness, which has, in turn, led Chainlink and other altcoins to see similar price action. While looking towards LINK’s recent price action, the cryptocurrency has been caught within a trading range between $11.20 and $13.20, with these two…
Chainlink, the seemingly unstoppable superstar performer of the cryptocurrency market for nearly the last two years running, may be finally out of steam.According to the asset’s price parabola, the long-standing uptrend could be approaching its end. If and when the parabola does break, massive profit-taking could cut the altcoin’s valuation down to size.Chainlink’s Astronomical Rise…
Chainlink has been lagging behind Bitcoin and the rest of the market throughout the past few weeks This trend is coming to an end, however, as bulls have stepped up and propelled the cryptocurrency significantly higher today It still has a way to go before it sets all-time highs, but its current momentum does seem…
Chainlink has seen some mixed price action over the past few days, with buyers and sellers both struggling to gain control of its mid-term trend as its price hovers within the mid-$12.00 region. This has long-been a consolidation channel for the cryptocurrency, with the resistance at $13.00 often proving to be too much for the…
Chainlink (LINK) dipped below $22.00, but it stayed above $20.00, whereas bitcoin and Ethereum struggled. The price is now rising and it is likely to rise towards $24.00 and $25.00. Chainlink token price started a downside correction from the $25.89 high against the US dollar. The price is well bid above the $20.00 level and…