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ADA, EOS, LINK Price Analysis—Can Bulls Fix at Local Height Levels?

Which altcoin can show the greatest growth in the ongoing bull run?

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Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The cryptocurrency market has changed to green after Bitcoin (BTC) has reached the $9,500 mark. Meanwhile, altcoins have shown even more growth. The second most popular crypto, Ethereum (ETH), has increased by 8.66%.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The key data for Cardano (ADA), EOS and Chainlink (LINK):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Cardano

ADA

$3,253,049,895

$0.125469

$169,164,239

3.33%

EOS

EOS

$2,482,936,513

$2.66

$1,304,142,662

2.51%

Chainlink

LINK

$2,759,936,037

$7.89

$684,888,842

9.57%

ADA/USD

The Cardano (ADA) rate has increased much more than other coins. The altcoin has grown by 3.33% over the previous 24 hours, while the price change over the last week has only been +0.52%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

On the daily time frame, Cardano (ADA) has confirmed the bullish mood, having bounced off the support of $0.1162. However, the altcoin is unlikely to reach previous heights as the trading volume is at its lowest levels.

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👉 MUST READ BTC, ADA, BNB, EOS Price Analysis – Is Local Correction Coming to an End?related article image

What's more, there is almost no liquidity at the resistance above $0.12. In this case, a rise is possible to $0.1357 followed by a possible false breakout of that level.

Cardano is trading at $0.1261 at press time.

EOS/USD

On the 4H timeframe, one can observe a test attempt and a breakdown of the upper border of the triangular corridor. The "golden cross" on the MACD above the zero mark suggests that the price of the cryptoasset has a high chance of exiting and fixing above the tested line.

EOS/USD chart by TradingView
EOS/USD chart by TradingView

At the same time, the market is demonstrating the formation of an uptrend channel. The closest significant growth target may be the $3 level, which is on the resistance line of the emerging channel.

EOS is trading at $2.66 at press time.

LINK/USD

Chainlink (LINK) is the top gainer from our list. The altcoin has rocketed by almost 10% since yesterday.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

Chainlink (LINK) may have reached its local peak as it also has a low chance of peaking at the new all-time high. Moreover, the index of the RSI indicator has reached the overbought zone. To summarize, the highest mark to which bulls may get the coin within the ongoing wave growth is $8.65.

Chainlink is trading at $7.93 at press time.

 

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com