At the time of writing, the cryptocurrency market was in a consolidation phase. And while many coins are yet to breach crucial resistances, their prices maintained a gradual upward trend with minor pullbacks along the way. The collective market cap stood at $222 billion. while Bitcoin’s dominance rose to 63.9%, at press time.
Chainlink [LINK]
Source: LINK/USD on TradingView
Chainlink [LINK] has been one of the best performing crypto-assets in 2020, with the alt continuing its steady performance from 2019. This is interesting since retail investors have been gaining traction lately, with the concentration of LINK whales dropping too. This signaled a healthier distribution of LINK tokens and declining centralization in the LINK ecosystem.
At press time, LINK was priced at $3.62 after a decline of 0.95%. Additionally, the token registered a market cap of $1.26 billion and a 24-hour trading volume of $395 million.
Resistance: $4.72
Support: $1.78
MACD: The MACD indicator had sustained a bearish crossover, at the time of writing
Chaikin Money Flow: The CMF indicator was still in the bullish territory; however, it appeared to be heading down towards bearish territory
EOS
Source: EOS/USD on TradingView
Over the past two years, EOS has developed significantly. Its parent company, Block.one, was in the news after it recently revealed its plans to begin EOS voting in May this year. At press time, EOS was trading at $2.71 as it held a market cap of $2.51 billion. Additionally, the coin was down by 1.61% and it registered a trading volume of $3.35 billion over the last 24-hours.
Resistance: $3.83, $5.38
Support: $1.78
Parabolic SAR: The dotted markers below the candles depicted a bullish trend for the coin
Awesome Oscillator: The red closing bar of the AO indicator, however, aligned with the bears
VeChain [VET]
Source: VET/USD on TradingView
VeChain recently partnered with U.S startup, Tricol Group, to verify the prison as well as the authenticity of 200K KN95 Masks. More recently, the fintech platform, Crypto.com had announced adding support for the token.
VET changed hands at $0.0043 as it declined by 1.08% over the last 24-hours. At press time, the token was recording a market cap of $242.1 million and a 24-hour trading volume of 158.5 million.
Resistance: $0.006
Support: $0.0022
Klinger Oscillator: The KO indicator underwent a bearish crossover
Relative Strength Index: The RSI, however, suggested high buying pressure sentiment among investors in the market.
