Some good gains were observed by several cryptocurrencies. However, Chainlink was on a roll as it was outperforming every other coin in terms of price change. Bitcoin was trying hard to push past $16K and was also dominating the crypto markets by 63.9%. The overall crypto market cap had increased by 1.27% pushing the value to $450.59 billion.
LINK is undoubtedly the star of the year. After its brief fall, the altcoin was seen climbing back onto the crypto ladder as its market cap was seen surging over $5 billion. The coin was trading for $13.27 during the time of writing and was up by more than 14.82% in the last 24-hours.
The bulls were prolonging their stay in the LINK market. The Parabolic SAR indicator disrupted the chances of a downward breakout as dotted lines were formed below the candlesticks. The Chaikin Money Flow [CMF] indicator was also screaming bulls as the CMF marker was above zero.
Bitcoin Cash [BCH]
Bitcoin Cash was overpowered by LINK as the former made way for the latter to take over the position of the fifth-largest cryptocurrency. The market cap of BCH was at $5.06 billion while its price was at $273.48. The altcoin was also benefitting from the ongoing uptrend as it was seen surging by 6.56% over the last 24-hours.
On the one-day price chart of BCH, the bulls were seen ousting the bears. The Relative Strength Index indicator [RSI] was indicating a buyers’ sentiment as the marker was over 50 median. The Klinger Oscillator was seen going for a bullish crossover.
After enduring a rough patch, DOT was seen getting back into the game. The fairly new coin did undergo a brief dip in its market cap. However, the price of the altcoin was seen rising by 9.36% over the last seven days. At the time of writing, DOT was trading at $4.62.
The DOT market was going to see better days ahead as the key indicators used on the one day chart of DOT highlighted the presence of bulls. The MACD indicator formed a bullish crossover as the MACD line took over the signal line. The Awesome Oscillator indicator also affirmed bull take over with a formation of green closing bars.