Chainlink Recovery Incoming? LINK Looks to Retake $14 in March
Chainlink (LINK) is picking up momentum after being a part of a sluggish month for cryptocurrency in February. The altcoin is recovering in price, with LINK up 6% on Tuesday, trading just over $13.50. The asset had previously surged after US President Donald Trump announced plans for the country’s first crypto reserve. Although LINK was not named, the president noted that it would include “other valuable cryptocurrencies” to purchase to make up the reserve. For Tuesday, LINK’s Long/Short ratio shows buyers’ dominance, indicating the bullish sentiment in the market. Bulls are sending the price up by buying supply in bulk. Their sentiment hints that bulls seem confident a deeper decline is unlikely despite a brief pullback this past weekend. This can also be observed in Chainlink LINK’s trading volume, which is up 28% in the last 24 hours to $878.52M. Long Buyers Beating Out Short Sellers for Chainlink Furthermore, according to Coinglass, the Chainlink Long/Short ratio, which measur...