Crypto News Today : Chainlink Set to Explode, What’s Driving LINK Price Up?

The post Crypto News Today : Chainlink Set to Explode, What’s Driving LINK Price Up? appeared first on Coinpedia Fintech News

Chainlink (LINK) price closed last week in a dragonfly Doji candlestick after rebounding from the crucial support/resistance level above $9.3. The mid-cap altcoin, with a fully diluted valuation of $10.3 billion and a daily average traded volume of around $170 million, has been attempting to regain bullish sentiment in the past few weeks. 

In the daily time frame, LINK price against the US dollar has formed a double bottom coupled with a bullish divergence on the Relative Strength Index (RSI). However, the altcoin could drop further towards $8, which was the initial bullish breakout level in October 2023. 

Chainlink Investors Capitulate Due to Lack of Clear Midterm Outlook