Crypto Price Analysis: Chainlink (LINK), Cardano (ADA), Tron (TRX), Dash (DASH)

Chainlink ($LINK)

Chainlink is the sixth-largest cryptocurrency with a market cap of more than $4 billion and a 24 hours trading volume of more than $860 million. LINK is currently holding a market dominance of 1.01%. Over the last seven days, the coin recorded a loss of more than 11.6%. 

At the time of writing, a Chainlink is worth $10.2. There have not been many price actions from the coin in the past 24 hours as the highest it got to in the last 24 hours is $10.9 and a low of $10.1. With an all-time high of $19.8, LINK is more than 70% away from its all-time high price. 

The current RSI is indicating a possible surge in the price of LINK. Traders are busy trading and are on the rise and, at the time of writing, are 43 NE. If traders can sustain the current RSI, prices may surge as high as $10.5, flipping the $10.4 and $10.5 resistance levels.

Cardano (ADA)

The more than three years old coin is not performing up to standard. Regardless, Cardano still holds the number ten spot in the cryptocurrencies ranking by market cap. In the last 24 hours, ADA records gains of 0.6%; in the last seven days, a loss of 4.2%. 

The cryptocurrency is trading at $0.095. Prices are depreciating, forming a bull flag. Before the main rise, the current RSI is indicating a further depreciation. If prices depreciate more, the $0.094 support level may be at stake. When the surge in price starts, ADA may test the $0.096 resistance level. 

Tron (TRX)

Tron is more than three years old now but didn’t get more recognition till the middle of this year. The almost ETH look-alike has a trading volume of $649.2 million and a dominance of 0.42%. With the recognition TRX gained this year, there were speculations that prices may reach as high as $1 by December, but is that possible?

TRX is currently at $0.0243, a long way from the $1 mark. Traders are rallying the market up after a shortfall, and RSI is on the rise. If traders can push the RSI further up, traders can stay relaxed as prices may hit $0.0246. Before the end of the day.  

Dash (DASH)

People don’t talk much about Dash, but it is currently the 31st largest coin by market cap. Three years after it was introduced to the market went very bullish and hit its all-time high of $1,493. At the time of writing, traders are trading DASH at $64.5. The current price results from a recent surge in price that ensured that price rose from $62.8 to $65.

The current RSI is falling and signifying a fall in price. If traders cannot rally the market back up and it enters the oversold region, the price will sink further. The extent to which it will sink is still a question only time can answer. But recent chart patterns suggest that it may sink to as low as $63 before the end of the day.

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