- Chainlink price indicates a Strong buy signal since the bulls are hoping to overcome the $32.5 and $35 resistances.
- Chainlink was announced as the next coin to join Grayscale’s large cap fund
- Chainlink will replace XRP after its expulsion from the fund
Towards the end of yesterday, Chainlink exhibited a bullish trend line from $30.12 to $31.89 before facing a bearish reversal in the early hours of today’s trading chart. The bears prevented the coin from holding support near $40 and corrected downwards to $31.08.
The good thing is the bearish momentum shrank significantly, and the 50 -Simple moving average is heading for an uptrend with support at $14.65.While the overall chart over the past five days is generally bearish, there are signs of a bullish recovery that might have the price floating above $32 for the better part of the week.