A swirl of bullish momentum was seen in the entire crypto market as each of the top 15 cryptocurrencies recorded gains in the last 24 hours.
For COSMOS and DASH, the rally displayed impressive bullish sentiment, while Chainlink displayed bearishness, as its recovery attempt to gain positive momentum remained rather sluggish.
At the time of writing, Chainlink was trading at just over 4.3% at its current price of $10.057. Over the last few days, LINK had made a notable rise from its recent lows of $9.347.
A break below its current resistance level at $10.03 may potentially cause the cryptocurrency to dive back towards its recent $9.3 lows which were seen a couple of days back. With the recent double top-formation, a bearish reversal at the $ 10.03 level is likely to unfold in the short-term period.
Chaikin Money Flow index is well below the zero line, was also indicating that capital outflows were much higher than capital inflows, a sign of selling pressure.
Relative Strength Index, on the other hand, witnessed a rise in its levels, just below the neutral zone at 49, however, it has a long way to go before it breaks out of the current bear-trend, which may only be invalidated if