You are here: Home / News / Chainlink [LINK] enters a pact with the bull following a 13% daily surge
by Sahana Kiran
The crypto-verse was greener than usual today and Chainlink [LINK] was painted the brightest of them all. Bitcoin [BTC], Ethereum [ETH], Cardano [ADA], Binance Coin [BNB], and a few other top coins like these were seen riding the bullish wave. LINK, however, stole the show with its extensive daily surge.
Coins that were usually bagging a lot of gains were seen taking the sidelines today. Solana [SOL] and Polkadot [DOT] were still being guarded by the bear. After a long time, SOL was seen in red. This abrupt plunge was linked to the recently endured Denial-of-Service attack.
While these assets were taking it slow, Chainlink [LINK] decided to take the high road with the bull. At the time of writing, LINK was trading for $30.90 with a whopping 13.61% surge in the last 24-hours. LINK was considered one of the most promising coins. However, new coins and old coins spruced up their game and overshadowed LINK.
In terms of market cap and ranking, Chainlink witnessed a massive fall. After residing over in the top ten for the longest time, LINK had a steep drop to the 13th rank. Currently, LINK sits as the thirteenth largest cryptocurrency with a market cap of $14 billion, just below Terra [LUNA].
Chainlink [LINK] one-hour price chart on Coinbase
The short-term or one-hour price chart of LINK had a major presence of the bull. The Awesome Oscillator indicator laid out green closing bars after a series of red bars and announced the arrival of the bull into the LINK market. The MACD line and the signal line were inseparable. However, the MACD line remained over the signal line, indicating a bullish crossover.
The Relative Strength Index [RSI] indicator suggested that LINK was being immensely bought. The RSI marker remained over the 50 median even close to the oversold zone.
