Bitcoin’s[1] market cap was at $361 billion as the market eagerly anticipated a daily close above ATH. Chainlink[2] was trading within an ascending channel and recently flipped the $14 psychological level to support, and could do the same to $14.5 resistance over the next few trading sessions. Crypto.com Coin[3] attempted to recover from its recent losses but toiled under a longer-term downtrend. VeChain[4] could see a breakout in the coming hours toward $0.0178 resistance.
Chainlink [LINK]
Source: LINK/USD[5] on TradingView
Chainlink was trading within an ascending channel. The OBV registered higher lows over the past few days, since LINK’s drop below $13, and indicated that buying volume backed the recent rise in price.
$14.5 has been a stiff zone of resistance for LINK in the past and will not differ this time around. Yet, the strong bullish outlook for Bitcoin and Ethereum could lend LINK bulls a helping hand in driving prices higher.
In other news, Chainlink announced its support for the development of in-demand Ethereum infrastructure projects[6] via its participation in Gitcoin Grants Round 8.
Crypto.com Coin [CRO]
Source: CRO/USDT[7] on TradingView
The longer-term trend for CRO has been downward. Yet, before the recent drop from $0.08 to $0.06, CRO had been in a short-term uptrend.
Before the coin had a chance to consolidate its gains, it dropped by nearly 25% overnight. Following this drop, it had once more been making a stream of steady gains.
Using the Fibonacci Retracement tool to highlight some levels of resistance, we see that the 50% level at $0.0711 would be important in the short-term.
Bulls could use it as a base to launch the price toward $0.08 once more. The MACD was
