The crypto market saw new coins flourish and take over the older ones. Polkadot [DOT] and Chainlink [LINK] were seen posing as the most beneficial assets over the last couple of days. Polkadot put on a brilliant show as it broke personal records in terms of market cap as well as its price. The asset seems to continue this trend and it’s currently dangerously close to XRP. Ethereum was seen making some progress as it was surging by over 9% in the last 24-hours, which landed its price at $1,203. Bitcoin was back to $38K after its multiple attempts to push past $40K failed.
Chainlink [LINK] made its way into the top ten and retained its place there for the longest time. At present, Chainlink was seen occupying the ninth position with its market cap at $7.26 billion. The altcoin was trading at $17.90 aiming to hit its all-time high of $19.85. The 24-hour price change of LINK was a positive 15.19%.
Chainlink [LINK] One-Day Price Chart
The one-day price chart of LINK revealed that the asset was bound to undergo a surge in volatility. The Bollinger Bands were seen drifting apart in the LINK market. The Money Flow Index indicator revealed that a buyers’ sentiment had struck the market as the MFI marker was around 74.33 median. The indicator also affirmed that the asset was being overbought.
Chainlink [LINK] Price Chart With Indicators
The volume in the Chainlink market specifically in the Binance exchange was quite moderate. It wasn’t very high or very low. The potential surge in volatility could be beneficial for the asset as the Awesome Oscillator formed green closing bars which indicated the presence of bulls. The Chaikin Money Flow indicator also suggested a bullish sentiment as the CMF marker was way above zero. The chart further revealed that the coin had the bulls residing in its market for the longest time.