The #LINK🔥🔥🔥 4H chart as seen on TradingView reveals that the token is trading above its 200 moving averages, and above the 17.50 support trendline which is retested by the link shows bullish showcase.
#Chainlink the dominant Ethereum-based oracle protocol, is standing its ground against market bears at a time when the broader digital currency ecosystem is seeing a negative reversal. CoinMarketCap data shows LINK is up by 3.18% in 24 hours to $18.54, a figure that compares to the 0.62% drop in the combined market cap.
While its daily growth rate is impressive compared to that of Bitcoin (BTC) and other top altcoins, Chainlink’s 14.74% surge in volume places it on the right path for more potential surges. A total of $445,393,986 in LINK has been shuffled in between exchanges lately, placing the token as the 21st most traded in the market.
Over the past month, market data reveals Chainlink has printed 36.46% growth. Many trends have contributed to this major uptick in Chainlink, and beyond regular whale shifts, this primarily hinges on its value addition and the niche it occupies in the industry.
