With the overall cryptocurrency market rebounding slightly over the past day, Chainlink (LINK) price surpassed $20.86 after showing a bullish mood. According to Analyst Yash Majithia, VeChain (VET) failed to reach enough volume on its way to test the nearest resistance point.

EOS price faced a new hurdle at the 50 SMA and RSI resistance as it climbed above the 20 SMA. Analyst Yash Majithia evaluated the cryptocurrencies in question.

Chainlink (LINK)

After reaching the top of the last three weeks on December 27, the altcoin price fell within a descending wedge formation (green), but the bulls did not leave the $20.8 support. With the last rise, an attack of 10.43% took place in the last 24 hours. However, the closest resistance point for the altcoin is at $22.42.

According to the analyst, the RSI indicator was in an uptrend after giving a bullish outlook. In addition, the +DI indicator is trending upwards, while ADX indicates a weak directional trend.

Link Tether

VeChain (VET)

The altcoin, which experienced a decline of 20.37% between December 21 and December 30, has been hovering between $ 0.08783 and $ 0.08157 for the last three days. The RSI indicator, which got rid of the oversold zone, has been in an uptrend since December 30. The MACD histogram indicated an increase in buying pressure, but its lines are still below the equilibrium point. According to the analyst, the closest resistance point for altcoin bulls is located at $ 0.087.

Vet Tether


EOS price broke out of the symmetrical triangle formation on December 20. The bears tested the $3.09 level multiple times but the bulls managed to hold on. Although the bulls rallied 12% from Dec. 20 and surpassed $3.4, EOS price declined from the 200 SMA (green) zone.

Eos Tether-1