3 Reasons Why DeFi Token Chainlink (LINK) Surged 42% in Five Days
Bids for popular decentralized finance token Chainlink (LINK) increased in the five-day period ending Monday. The Chainlink’s governance token added $3.42, or 42 percent, to establish a month-to-date high at $11.90 in the said interval. Its gains followed a steep downside correction of more than 60 percent from its record high at $20.53 – and […]
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Chainlink (LINK) gained momentum after it broke the $13.00 resistance. It traded towards $14.25 before correcting lower sharply, but it seems like dips remain limited. Chainlink token price rallied above the $13.00 and $13.50 resistance levels against the US dollar. The price surged towards the $14.25 level and settled above the 100 simple moving average […]
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 […]
The price of LINK also surged in the wake of a marketwide bullish boom, wherein Bitcoin and its top rivaling altcoins jumped in tandem. Chainlink emerged as one of the best cryptocurrency performers on Sept. 6 as the price of its LINK token jumped 8.25% against the U.S. dollar.The LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45 — thus recovering by more than 170% altogether. At the same time, its recent bout of buying saw prices bringing in about 36% month-to-date returns.Ecosystem growthOptimism Ethereum announced on Sept. 1....
Chainlink hit a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in the green, with prices climbing by as much as 16% earlier in the day. Chainlink (LINK) Chainlink (LINK) rose for a sixth straight day on Tuesday, which took the token to its strongest point since mid-August. After trading at a floor of $6.55 last Wednesday, LINK/USD has rallied in back-to-back sessions, with today seeing prices hit a high of $8.36. Tuesday’s top is the highest....
LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation. Chainlink (LINK) returned to mimic the broader crypto market downtrend as its price fell alongside top coins Bitcoin (BTC) and Ether (ETH) on Nov. 8. LINK plunged by as much as 10% into the day to reach $8. While BTC and ETH slipped by approximately 6.5% and 9%. That contrasts with the trend witnessed on Nov. 7, wherein LINK rallied 14% to $9.25, its three-month high, while BTC and ETH dropped 1.5% and 0.5%, respectively.LINK/USD two-hour price chart.....