Despite a global market dip, Chainlink (LINK) tops the gainers list with a 16% rally.
LINK recorded an intraday trading volume of $1 billion, indicating a 56% gain.
While the global crypto market is facing a downturn, Chainlink (LINK) displayed a notable uptrend, rebounding from a test of the 50-day exponential moving average (EMA) observed in the previous trading session. The bulls showcased probability, recovering over 16% of the prior day’s losses, propelling LINK’s value higher.
Chainlink encountered a setback when bulls faced resistance at $17.67, a level recorded at the end of 2023. However, after a brief period of sideways trading, the cryptocurrency had been consolidating within a range of $12.5 to $14 before experiencing a surge in momentum.
Also, despite the correction, LINK managed to stay above the key simple moving average (SMA) at $15, indicating short-term strength. Amidst a loss of market momentum, LINK displayed a positive movement, surging from $14.27 to $16.52. T
We współpracy z: https://thenewscrypto.com/chainlink-link-turns-bullish-another-rally-ahead/
