The global crypto market cap is now $ 2.42 trillion, up 0.81% from the previous day. The overall crypto market volume over the past 24 hours increased 7.64% to $ 118.42 billion. Bitcoin is trading at $ 61,413.59, Ethereum at $ 3,771.36, and Cardano Price at $ 2.15.
Chainlink (LINK / USD) has made a strong comeback in the past three days, going from a low of 23.5 on October 12 to a high of 27.8 in just two days.
Chainlink Price’s rebound over the past month has been similar to that of most of its cryptocurrency rivals. From its late September lows of $ 20.8, the digital asset was selling at a 35% premium at the time of going to press. This number would arguably be increased if the bulls had managed to break through the resistance level of $ 28. However, this has not yet been the case.
Chainlink’s price may rise on the 4-hour chart as the previous support level of $ 25.5 is contested as resistance. Given that it has been tested several times and has shown good rebounds, a rebound from the previous support level of around $ 25.5 is extremely plausible. This would be a good way to counter the drop in LINK / USD yesterday.
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On the other hand, other bullish indicators corroborate the idea of a recovery. The RSI indicator is currently in an uptrend with no signs of slowing down. Moreover, when it rises in the green zone, the MACD indicator also gives good news.
The coin’s trade volume increased 26.0% over the past week, while the overall circulating supply increased 0.14% to over 458.01 million, accounting for 45.8% of the coin’s maximum supply of 1.00 billion. LINK is now ranked # 15 in terms of market capitalization, with a value of $ 12.57 billion.