Bitcoin was indecisive as it traded just above the $29,000 mark, and the altcoin market has been consolidating over the past few hours. Cosmos remained above the $11.06 support and both Fantom and Chainlink appear to trade within the range.
Over the past week, OBV has risen slowly but steadily, and LINK also posted a series of higher lows on the chart. Buying volume has surged over the past few days, and the price has also crossed the $11.06 level and turned into support.
The RSI was at 49 and hovered just below its neutral 50 line for the past few hours as the chart lacked momentum. LINK’s short-term resistance level is $12.39, with support at $11.06 and $10.
Last week, the price of FTM hugged the $0.33 level more and more tightly and the Bollinger Bands were also very close to the movement. This indicates that FTM has lacked volatility and momentum over the past few days.
However, over the past 12 hours, FTM has risen about 12%, rebounding from $0.332 to $0.372. This strong move broadened the Bollinger bands and CMF rose above the +0.05 line, demonstrating buying pressure.
The RSI also showed bullish momentum, hovering above its neutral 50 line. However, Bitcoin could have a big impact on FTM.
Similar to ATOM, LINK failed to cross the $8 north resistance level. However, unlike ATOM, LINK formed the same low at the $6.66 support level last week. Recent trading volume has been quite low.
The Awesome Oscillator fell below the zero line to hint at bearishness after LINK fell 6% to $6.8 from $7.33 the day before. The A/D line fell slightly last week and the purchase volume was also weak.