The past 24 hours have been positive for the cryptocurrency sector, but Chainlink has set itself apart with a remarkable 12% surge.
- Chainlink has surpassed the $18 level for the first time in almost two years.
- With profits of about 30% over the past week, LINK is the top-performing asset among the top 60 cryptocurrencies by market cap.
- LINK has flipped Tron (TRX) to become the 11th largest asset in the sector.
- Dogecoin (DOGE) is the next coin above Chainlink, and LINK could potentially overtake it in the near future.
Chainlink’s Next Test: On-Chain Resistance Wall at $20
According to analyst Ali, Chainlink faces significant on-chain resistance at $20.
A retest of this level could trigger a response from investors, including those who acquired LINK at or below this price point.
In total, over 5,300 addresses purchased 8.59 million LINK within the $19.49 to $20.03 price range.
Disclaimer
The article is provided for educational purposes only and does not constitute financial advice.
Investing in cryptocurrencies carries risks, and you should always conduct your own research before making any investment decisions.