It seems that most of the crypto market is on the rise. From DeFi platforms, DApps, to NFT, the price of cryptocurrencies and tokens has shown a spike over the past few days.
In particular, Chainlink has illuminated the market by exhibiting positive price movements at the opening of August trading, recording over 14% gains as of today’s trading session.
Chainlink started a consistent rise at the end of July producing almost 80% gain by hitting a high of around $ 23.9 ending yesterday’s trading session.
Chainlink now has a market capitalization of over $ 10 billion with a turnover of over $ 1.2 billion in the last 24 hours.
Next, look at the current movement chart of the LINK/USDT price.
From a technical point of view, the price movement is seen still trying to maintain the uptrend and has broken the resistance zone around $ 24 in today's trading session.
Crypto analysts expect that if the price movement manages to maintain the upward momentum, the resistance zone around $ 24 will be tested first before making a higher rise or making the latest high.
However, if LINK again shows a bearish trend, the price movement will re -test the RBS zone (resistance become support) around $ 22 either making a rebound or continuing the decline lower.
At the time of writing, LINK/USDT is trading at around $ 23 up over 5% in the last 24 hours. Coins are currently ranked 12th in the crypto market.
