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 […]
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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 […]
Chainlink the Whitepaper for its second iteration. Chainlink 2.0 has been created to allegedly take the “next steps in the evolution of decentralized oracle networks”. With one of the most used applications in DeFi, these protocols need oracles to feed them with off-chain information. In the new iteration, Chainlink could go beyond, as the document […]
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 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 […]
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 […]