Analysis
Bullish sentiment in play as price of Chainlink, Bitcoin Gold and Decred rises
14th ranked Chainlink surged by 7.12 percent over the past day as its market cap improved to $812 million. With a trading volume of $270 million, the valuation hiked from $2.213 to $2.33 at press time.
Awesome Oscillator suggested that bullish momentum in the charts was high but Chaikin Money Flow indicated high capital outflow.
LINK/USD on Trading View
BTG/USD on Trading View
Following a similar pattern to LINK, BTG’s priced improved from $6.95 percent to $7.562 as a hike of 7.75 percent was exhibited. The market cap continued to be under $130 million and trading volume was $18.8 million in the past 24-hours.
MACD hinted at a slight bullish advantage and Bollinger Bands suggested that volatility may reduce in the near-term as the bands converged in the charts.
Bitcoin Gold, however, faced a lot of criticism from the community as it was hinted that a single whale controlled half the supply.
Decred completed that rally with a 5.09 percent hike as the price improved from $11.08 to $11.81 in the market. Relative Strength Index indicated that buying pressure was increasing at the moment as the market cap of the asset improved to $124 million.
It also registered a healthy trading volume of $71.5 million over the 24-hour but Bollinger Bands suggested that the market could expect volatility in the short-term.
