It’s $1 trillion for the crypto-industry! As the community rejoiced at this milestone, Bitcoin went on to hit $38K. Chainlink [LINK] and Polkadot [DOT] despite being fairly new to the industry, managed to bag in good gains over the past few days.
XRP was seen enjoying the reversal of its downtrend as the asset was trading for $0.345 with a price change of over 50% over the last 24-hours. Ethereum [ETH] seemed to have forgotten the way back under $1K as the second largest coin was trading for $1,209.65 at press time. Bitcoin was moving without a blip with $40K as its next milestone.
Chainlink [LINK] turned out to be quite a promising asset as it managed to climb up the crypto ladder in terms of market cap. During the time of writing, LINK was trading at $16.24 with a 6.54% daily rise. The market cap of the asset had recorded a tiny hurdle as it slipped down to the tenth position with a market cap of $6.49 billion. Throughout the week, LINK was seen carrying gains of over 40%.
Chainlink [LINK] One-Hour Price Chart
With a fairly low volume in LINK’s one-hour price chart, the bears were seen evading the coin market. The Parabolic SAR indicator proposed that the LINK market could be in for a reversal of trend as it formed dotted lines above the candlesticks, which further acts as a barricade for any potential upward breakout. The daily moving average indicator revealed signs of bulls as the 50 daily moving average [Blue] was above the 100 daily moving average [Red].
Chainlink [LINK] Price Chart With Key Indicators
Chainlink was done enjoying a vacation with the bulls as bears were out and about in its market. The Awesome Oscillator indicator formed red closing bars which further insinuated the presence of bears. The Relative Strength Index indicator gave out a neutral notion as its marker was close to 50-median.