- Chainlink surged 9%, currently trading at $8
- LINK’s daily trading volume has dropped by 40%.
4.54% gain has settled the market cap at $2.28 trillion. Hence, all major crypto assets exhibit positive momentum, seeking to reclaim their recent highs. The brief green wave has hit the market, led by the largest assets: Bitcoin (BTC) and Ethereum (ETH). Meanwhile, Chainlink (LINK) has recorded a steady 9.07% jump over the last 24 hours
LINK was trading on the downside, at around $8.08 in the morning hours. After the bullish pressure gained traction, the price climbed to a high of $8.91. At the time of writing, Chainlink traded at $8.87, with its daily trading volume dropping by 40.77%, reaching $379.12 million. The market has observed a liquidation of $1.11 million worth of LINK.
The price analysis of Chainlink reveals that if the bulls are ready to take up the market, the price could move higher to the $9.08 resistance. If it holds this range stable, it might climb toward $9.29 or higher. Upon the LINK’s momentum reversing, the price could drop and find support at the $8.66 level. Assuming the bears are powerful, they might push the price down, and it likely retraces below the $8.45 zone.
Chainlink Momentum Alert: Heading Down or Up?
The 4-hour technical analysis shows that the Moving Average Convergence Divergence (MACD) line is above the signal line, and they have crossed below the zero line. This LINK crossover shows that the bullish momentum is building, with the overall bearish trend
Besides, the Chaikin Money Flow (CMF) indicator, which is resting at -0.11, displays moderate selling pressure. With the negative value, the capital outflow outweighs the inflow. As the selling pressure is not extreme, some balance still exists in the Chainlink market.
LINK’s daily Relative Strength Index (RSI) at 60.50 indicates moderate to strong bullish momentum. As it is above the neutral level, the buyers are in control, leaving enough room for further upside. Moreover, the Bull Bear Power (BBP) reading of 0.51 suggests a mild bullish dominance. Notably, the upward momentum may build further, and the market is showing healthy buying strength.
Top Updated Crypto News
Solana (SOL) on the Rise: Will the 8% Surge Unlock the $90 Level?
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH drops 1.36% in 15 minutes: Deteriorating macro sentiment and liquidity crunch trigger spot selling pressure
From 02:45 to 03:00 on March 8, 2026 (UTC), ETH prices fluctuated sharply within the range of 1,936.0 to 1,969.18 USDT. The 15-minute candlestick yield was -1.36%, with an amplitude of 1.68%. The short-term downtrend intensified, market attention significantly increased, trading activity was high, and panic sentiment dominated.
The main driver of this anomaly was the widespread decline in global risk assets and escalating extreme panic sentiment. Major US stock indices experienced a sharp pullback, and the VIX fear index soared to 29.49 (+24.17%), leading to
GateNews23m ago
BTC drops 0.71% in 15 minutes: Weak macro data and miner sell-off resonate, increasing selling pressure
2026-03-08 02:45 to 03:00 (UTC), Bitcoin (BTC) price candlestick data shows a 15-minute return of -0.71%, with the lowest at 66,837.0 USDT and the highest at 67,402.7 USDT, with an amplitude of 0.84%. Short-term volatility has attracted market attention, with on-chain risk signals rising to 0.84, above the historical average, indicating cautious investor sentiment and increased market fluctuations.
The main driver of this anomaly is the US February employment data, which significantly underperformed expectations, with a sharp decrease in new jobs and the unemployment rate rising to 4.4%, combined with the US
GateNews23m ago
The US-Iran conflict enters the second phase: Trump emphasizes "no ground action for now," airstrikes have destroyed over 3,000 targets, Bitcoin drops to 67,000.
Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.
動區BlockTempo1h ago
PEPE faces volatility risk as the threat of a "short squeeze" increases
The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t
TapChiBitcoin1h ago
Willy Woo: BTC's early decline was too rapid, and it is now creating conditions for a rebound to $85,000.
On March 8th, analyst Willy Woo pointed out that Bitcoin faced resistance near $75,000, but since mid-February, capital flows have been recovering, and market sentiment may shift toward risk appetite. Although there is a short-term rebound opportunity, in the long term, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and test resistance levels.
GateNews2h ago
