Chainlink (Ticker: LINK) rebounded from its short-term corrective downtrend on Wednesday as its price surged 9 percent on a 24-hour timeframe. The LINKUSD exchange rate established an intraday high near $14.11 on Binance exchange, up 21.95 percent from its week-to-date low. The pair’s gains appeared despite a broader sell-off in the cryptocurrency market, wherein the overall valuation fell by more than $8 billion. Chainlink chart on TradingView.com shows its bullish continuation bias. What helped the Chainlink token during the turbulent 24-hour period is the growing demand for DeFi assets. Traders…
Chainlink Jumps 9% on the Day Crypto Market Loses $8bn; Here’s Why
