Buy Signals Trigger On DeFi Tokens Chainlink & YFI As Hopes Of Rebound Mount

Buy Signals Trigger On DeFi Tokens Chainlink & YFI As Hopes Of Rebound Mount

DeFi tokens like Chainlink and Yearn.Finance dominated the crypto market all throughout the summer months. But a recent shift in sentiment has prompted investors to derisk and these same coins have been crashing deeply.  And while there’s no certainty that a reversal is near, a buy setup has triggered on these two once top-performing tokens that could at least provide a dead cat bounce it the short term. Chainlink Readies Rebound Following 50% Fall From […]


Related News

Resurgence of DeFi: Why Chainlink, YFI, and Aave Abruptly Spiked Upto 34%

Decentralized finance (DeFi) tokens, including Chainlink (LINK), Yearn.finance (YFI), and Aave (LEND) strongly recovered after a prolonged slump. At its monthly low, YFI declined by nearly 64% in the past 11 days. Similarly, DeFi giants like Chainlink declined by 45% at the monthly low since mid-September. But following Bitcoin’s lead, Chainlink, YFI, and LEND are […]

Charted: Chainlink (LINK) Potential HS Pattern Could Trigger Sharp Decline

Chainlink (LINK) seems to be forming a short-term top near $12.98. A head and shoulders pattern is likely forming, which could trigger a sharp decline below the $11.50 support. Chainlink token price started a fresh decline after it failed to clear the $13.00 resistance against the US dollar. The price is holding the $11.50 support […]

Chainlink surpasses Bitcoin Cash making LINK the 8th largest cryptocurrency

The market capitalization of Chainlink has surpassed Bitcoin Cash, as the DeFi market continues to prosper with TVL exceeding $24 billion. Chainlink (LINK), the oracle-focused blockchain protocol, surpassed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency as of Jan. 18.The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away from the next biggest crypto asset, Litecoin (LTC).LINKUSDT 1-day price chart (Binance). Source: TradingView.comWhy is Chainlink surging so rapidly?The price of Chainlink rose by 13% in the last 24 hours and the....

Chainlink Downtrend Could Continue Toward New Lows Despite Record Rebound

Chainlink recently saw a record-breaking rebound, closing an intraday rally with more than 30% gains on the day. The recovery kept climbing but has since turned around at the top of a downtrend channel that thus far has been holding. Will the downtrend take the cryptocurrency lower? And what other factors back up any theories […]

Charted: Chainlink (LINK) Close Above $13.1 Could Trigger Sharp Rise

Chainlink (LINK) seems to be following a nice uptrend above $12.00. There are high chances of more gains once the bulls manage to clear the $13.10 and $13.50 resistance levels. Chainlink token price is trading in a positive zone above the $12.00 support against the US dollar. The price is facing hurdles near $13.10, but […]