As of this instant, Chainlink is positioned at #16 in the market. The trading volume recorded stands at roughly $110.866 million, and the total market cap of Chainlink amounts to $938.394 million for now. The price depicted a slight boost of 0.73% in the course of the past 24-hours. This, in turn, helped $LINK head all the way up to the $2.68 mark where it currently rests.
According to the candlestick chart connected to the LINK/USDT pair on tradingview [based on data drawn from the Binance Exchange], one can comprehend that Chainlink is being affected as buyers keep coming in. In the aftermath of 28th October, the peaks tied to the Awesome Oscillator all possessed the brown shade, which points towards the growth in terms of bearish momentum.
The daily RSI [for 14 periods] sits at 58.86 and might maintain constancy throughout this entire week. This signifies that $LINK is marching across the neutral zone, but proper gains may bring it towards overbought territory. For the past 10 days, the MACD line has been lingering south of the signal line, thereby directly contributing to the progress of the crimson histogram established below the zero line. $LINK has a greater chance of declining as the week goes by.
Support can be found adjacent to the $2.5136 mark, and barriers may be felt once $LINK manages to recover and reach $2.886. 6 days later, a meet-up will take place in New York at a hub listed as a coworking space [Rent24]. So far, 7 have registered as attendants for the event, which shall also include Ontology [$ONT] enthusiasts. A week back, $ONT had surged forward following Xi’s speech on the importance of China being at the forefront of the blockchain revolution.
We are happy to announce that Prophet becomes a reviewed @chainlink node operator!
By joining #Chainlink Oracle Network, our team is excited to participate in the proccess of connecting smart contracts to real-world data and systems. Great times ahead!https://t.co/9sTcICa708
— Prophet | Chainlink Node Operator (@prophet_node) November 5, 2019
To this day, most $LINK HODLers regard it as a speculative asset meant to serve primarily as an investment; Chainlink’s use-cases need to be examined and tested more often.