Chainlink 30% Rally Closes Record “Best” 2020 Daily Performance

Chainlink may be trading at half of its all-time high, but it just broke a new record – this time for its best single-day performance in all of 2020. With such an outstanding rebound from local lows making the early days of the rally look weak by comparison, is this a sign that Chainlink is ready to set its sights back on new price records next? Chainlink Sets Record For Best Intraday Performance In 2020 Chainlink has once again been the best performing crypto asset across the market for the…

Chainlink Could Still Set Fresh Lows Despite Yesterday’s 30%+ Rally

After a multi-week bought of grinding lower, Chainlink saw a capitulatory decline earlier this week that came about in the form of a sharp downturn. This caused LINK to plummet to lows of under $7.50 – marking a massive decline from its $20.00 monthly highs. Following the dip to this price region, the cryptocurrency incurred an influx of buying pressure that caused it to see a massive upswing that led it to highs of $10.50. The significance of this rebound cannot be overstated, as it appears to have fundamentally altered…

Bitcoin Remains Stuck Within Key Trading Range; Levels to Watch For

The price action seen by Bitcoin throughout the past couple of days and weeks has been rather boring, with the benchmark cryptocurrency caught within a firm bout of sideways trading that has offered little insight into its mid-term outlook. Bulls were able to defend against a break below a crucial level yesterday, with the recent dip below $10,200 being met with serious buying pressure that ultimately led its price to rally back up towards the upper-$10,000 region. After facing some intense selling pressure at $10,800, BTC has been caught within…

Here’s Why Ethereum Rival Avalanche May Be a Bull in Making

Avalanche started trading on Binance with a bang. The latest Ethereum rival saw its native token, AVAX, rising by more than 1300 percent in its first hour of trading on September 22. A jump from $0.85 to $12.54 was enough for attracting profit-takers. Thereby, a strong sell-off ensured, and the price crashed. But despite the bearish correction, AVAX/USD up by 450 percent from its exchange rate open. The pair is consolidating sideways, showing a minimal inclination to extend its move lower. On the other hand, it appears that the token…

Bitcoin Could Hit New Yearly High on US Election Risks, Hints Citibank Report

Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the precious metal may rise to a new yearly high, stating that the market is underplaying the asset’s ability to grow against the election’s uncertainty. Connecting Dots Bitcoin, which has erratically tailed the gold market since…

Chainlink (LINK) Surges 15%—and Analysts Think There’s More to Come

Chainlink (LINK) has embarked on a strong recovery over the past 24 hours after plunging over 50% from its all-time high set in August. The coin now trades up 15% in the past 24 hours, meaning it’s on the verge of reclaiming the $10 support level. LINK’s recovery comes as Bitcoin has undergone a strong bounce after dipping under $10,200 on Wednesday. BTC now trades at $10,700 as of this article’s writing, just around 5% above those lows. Analysts think that Chainlink has room to move higher after the surge.…

Chainlink (LINK) Rallies 20%, But Here’s Why It Could Reverse Gains

Chainlink (LINK) recovered sharply from the $7.35 support zone against the US Dollar. The recent rally is now facing a strong resistance near the $10.00 zone and the 100 SMA (H4). Chainlink token price started a strong upward move from the $7.32 low against the US dollar. The price is now facing hurdles near the $10.00 resistance and the 100 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $9.00 on the 4-hours chart of the LINK/USD pair (data source from Kraken).…

Ethereum Recovers Sharply, But ETH Must Clear This Level For A Sustained Rally

Ethereum is up 7% and it broke the $340 resistance zone against the US Dollar. ETH price is now facing a major hurdle near $350 and $355, above which it could rally significantly. Ethereum started a steady recovery wave from the $313 swing low. The price broke the $340 resistance level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $328 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher if…

Bitcoin Recovery Runs Into Crucial Resistance, But 100 SMA Holds The Key

Bitcoin price started a decent recovery from the $10,139 swing low against the US Dollar. BTC gained pace above the $10,550 resistance, but it is facing a major hurdle near $10,800. Bitcoin managed to stay above the $10,000 support and started a decent recovery. The price is now trading above the $10,550 resistance and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently…

Weekly Cloud Indicator: XRP May Rain Down Pain On Ripple Investors

Weeks ago, XRP outperformed the rest of the market, surprising Ripple investors and other crypto holders alike. A recovery looked to be in full effect, but the altcoin has since fallen back to the bottom of weekly cloud support where bulls are trying to hold. If the cryptocurrency loses cloud support on weekly timeframes, it could rain down a storm of pain on XRP investors who have already sustained so much frustration in the last few years. XRP Ready To Fall Out Of Cloud Support, Storm Of Pain Could Strike…