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XRP, Tron and Cardano Face Sharp Declines as Bitcoin's Drop Triggers Record Bullish Liquidations

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Chainlink price triggered a strong rebound in the times when the other altcoins were facing massive upward pressure. Chainlink is considered one of the strongest undervalued altcoins, which has more room to swell. The recent pullback dragged the levels from the highs above $27 to below $20 but the quick intervention of bulls has elevated the price to $22.87. The trading volume has reached close to $3 billion with a rise of over 31%, marking the growing dominance of the bulls. Therefore, the LINK price is expected to revive a strong upswing to reach the resistance above $27 if the bulls manage to secure these levels before the end of the fortnight. Regardless of the recent pullback, the LINK price remains strong within the rising, expanding channel in the short term. The token rebounded after hitting the interim support at $20.56, indicating the bulls were vigilant. On the other hand, the OBV, the volume-based indicator, triggered a bullish divergence, suggesting the start of a bullish trend. Meanwhile, the MACD shows a drop in the selling pressure as the buying volume intensifies. Therefore, the Chainlink price is expected to rise to $24.92 in the next few hours and achieve $25 in a short while. #BURNGMT

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Why is XRP price down today?

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Chainlink Price Records 35-month High, LINK Price Eyes To Hit $32?

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#Bitcoin jumped above the $100,000 price point for the first time late Wednesday and continued to climb past $103,000, remaining above the milestone mark into Thursday—but it's finally dropped back into five figures. BTC is currently trading for $98,969 as of this writing, falling from an all-time high of $103,679 as the leading cryptocurrency bounced around above the $100,000 mark in recent hours. Some $199 million worth of Bitcoin futures positions have been liquidated over the last 24 hours, per data from CoinGlass, including nearly $127 million in shorts (bets on the price falling) and about $72 million worth of long positions (bets that BTC will rise in price). In the last hour alone, $23 million worth of Bitcoin longs have been liquidated. Overall, $611 million worth of positions have been liquidated across all crypto assets in the last day. Even with the dip, Bitcoin remains up nearly 4% over the past week, and 41% in the last 30 days. It has continued to push to new all-time high prices after breaking the months-long mark of $73,737 on Election Day last month. The recent surge in prices for Bitcoin and other cryptocurrencies has largely been attributed to Donald Trump's win of a second term in the White House, given his pro-crypto campaign and various promises made towards the industry. On Thursday, he took credit for the surge above the $100K milestone mark. “Congratulations Bitcoiners,” Trump said in a Truth Social post. “$100,000!!! You’re welcome!!! Together, we will make America great again!” $BTC

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