RATE Group | Chainlink (LINK) Nears $5 All-Time High Unfazed by Bitcoin Price Slump
81683
post-template-default,single,single-post,postid-81683,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Chainlink (LINK) Nears $5 All-Time High Unfazed by Bitcoin Price Slump

04 Mar Chainlink (LINK) Nears $5 All-Time High Unfazed by Bitcoin Price Slump

Posted at 07:57h in Bitcoin News by

[ad_1]

Chainlink’s (LINK) 27.48% gain over the past four days shows that the altcoin continues to function as an outlier when compared against the recent performance of other cryptocurrencies. This strong recovery from the swing low at $3.30 to $4.79 has LINK now approaching its previous all-time high at $4.86. 

Crypto market 1-week price chart. Source: Coin360

Unlike Bitcoin (BTC), LINK trading volume has shown that traders are excitedly buying each dip and the candlesticks of the past 3 days clearly show that a strong reversal has occurred. 

In the daily timeframe, the moving average convergence divergence (MACD) shows a bull cross between the MACD and signal line and the histogram has recently popped above 0, a rather compelling move considering that the altcoin has already gained 26.57% since March 2. 

The relative strength index (RSI) also continues to extend deeper into bullish territory, currently registering 66. 

LINK USDT daily chart. Source: TradingView

As seen on Feb. 16 and…

[ad_2]

Source link

Tags:
, , , , , , , , ,