The cryptocurrency market, including numerous altcoins along with Chainlink, Tezos, and Stellar Lumens, was in the consolidation phase as a minor pullback triggered a retreat. The global market cap decreased by 1.39 percent over the last 24 hours and currently stands at $440.3 billion.
Over the past 24-hours, ChainliUnk [LINK] noted a minor surge of 0.84% which pushed its price to $12.76. At the time of writing, LINK registered a market cap of $4.99 billion while holding a 24-hour trading volume of $1.83 billion.
After a renewed bullish trend, LINK has managed to steadily soar higher. The rising gauge following a bullish crossover in Klinger Oscillator evidenced the increasingly positive sentiment for the token. The Awesome Oscillator also flipped bullish momentum after quite some time.
If the bulls manage to defend this crucial level, it could target the nearest resistance of $16 as it found firm support at $8.76
Tezos [XTZ] declined by 0.38% over the last day as it stood at a price of $2.12 while holding a market cap of $1.58 billion and a 24-hour trading volume of $174 million, at the time of writing.
XTZ bullish attempts have been stalled numerous times. However, the Chaikin Money Flow noted a spike above the zero-line above depicting a rise in terms of the capital inflow in the XTZ market. Mimicking the latest price action, the MACD also flipped bullish crossover depicting a much-needed reversal.
XTZ’s immediate resistance level was found to be at $2.61 while its support stood at $1.85
Stellar Lumens [XLM]:
Stellar Lumens [XLM] noted a 0.31% increase over the past 24-hours driving its value to $0.0813. At the time of writing, the token recorded a market cap of $1,701 and a 24-hour trading volume of $164 million.
The dotted markers of Parabolic SAR aligned below the XLM candlesticks firmly supporting the coin from a decline. Additionally, RSI also rose above the 50-median depicting a sentiment of increasing buying pressure among the investors of the coin market.
The rising bullish pressure signaled a potential breach of XLM’s nearest resistance point of $0.086. In case of a trend reversal, however, Stellar Lumens could retrace its steps to its immediate support level of $0.071