Chainlink (link) gains momentum: $ 16 break from?

- Chainlink won by 6%and the price is around $ 15.
- Link’s daily transaction volume increased by more than 64%.
The healing of the crypto market shifted the tendency from red to green, and beings are trying to make stable gains. Bitcoin (BTC), the largest crypto currency, rose to the range of 86.9 thousand dollars, while Chainlink (link) increased by 6.68%.
Chainlink opened daily operations to $ 14.30 and fell to $ 14.18. Finally, in the heels of the bulls, the link rose to $ 15.28 and chose to do high -level trade. Chainlink during writing trade $ 15.25.
Also, the market is a liquidation In this period, a chain connection of $ 1.09 million. Meanwhile, the daily transaction volume of the asset reached 335 million dollars.
Will Chainlink open a new era?
Chainlink’s reverse price model can bring a fixed rally, push it higher, and possibly re -test the emergency resistance at $ 15.76. If the link maintains its stability, it can go to $ 16.35 resistance.
The reversal of the Link on the ongoing price momentum may immediately trigger the fall to the support zone between $ 14.88. If the decline accelerates, Chainlink may be broken under the $ 13 support zone.
The moving average convergence Diverjans (MACD) Chainlink is over the signal line. This usually shows the rise of the rise and the asset can be prepared for upward movement.
Furthermore, the Chaicin Money Flow (CMF) indicator found in 0.11 suggests that the capital is flowing into the presence and reflecting a positive emotion. Meanwhile, the daily trade volume increased by 64.57%.
Link’s daily relative force index positioned at 69.97 (RSI) approaching Extreme area. In addition, the power of 1,2039’s Taurus Bear (BBP) indicates the strong rise momentum on the market.
Waiver: The opinion expressed in this article is only the author. It does not represent any investment advice. Thethrypto encourages everyone to do their own research before investing.
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