Chainlink defied all odds to stand in a profitable positions since the beginning of Q3, however, are investors having second thoughts about the state of LINK?
Additionally, the token’s price went up by over 2.3% in the last 24 hours alone. At press time, it was trading at $6.61 billion, with a market capitalization of over $6 billion.
A look at the token’s daily chart gave a bullish notion, as most of the metrics supported the buyers. For instance, the distance between the 20-day Exponential Moving Average and the 55-day EMA was reducing. This increased the chances of a bullish crossover. Furthermore, the Moving Average Convergence Divergence ’s data also complemented that of the EMA Ribbon which also looked bullish. On top of that, Chainlink’s Relative Strength Index was also high, which was yet another bullish signa
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