As the broader market slightly improved over the past day, Chainlink crossed the $20.86-mark after depicting a marginal bullish preference. Further, VeChain headed to test its immediate resistance but failed to gather enough volumes.
EOS rose above its 20-SMA and now found an immediate hurdle at the 50-SMA and its RSI resistance.
Chainlink (LINK)
Source: TradingView, LINK/USDT
After witnessing a bearish rising wedge breakdown on 9 December, the price action transposed in a down-channel (yellow) and tested the support at $17.7 nearly seven times before forming a double bottom. Then, the alt saw a staggering 35.53% ROI (from 20 December low) until it touched its three-week high on 27 December.
Over the past week, the alt declined in a falling wedge (green) while the bulls ensured the $20.8-support. The recent breakout propelled a 24-hour 10.43% incline. Now, the immediate resistance stood at the $22.42-level.
At press time, LINK traded at $21.19. The RSI was in a clear uptrend after choosing the bulls. Also, the +DI looked north, but the ADX displayed a slightly weak directional trend.
VeChain (VET)
Source: TradingView, VET/USDT
After ensuring the five-month support at $0.076-mark, VET finally let go of its long-term bearish trend resistance (since 9 November, white).
This retrieval attempt marked a rising wedge (green, reversal pattern) on its 4-hour chart. However, the price action found $0.100-mark as resistance since the beginning of this month.
As a result, it saw a 20.37% breakdown from 27 to 30 December. Over the past three days, VET found an oscillating range between $0.08783 and $0.08157-mark.
At press time, the alt traded at $0.08699. Since 30 December, the RSI was northbound as it recovered from the oversold region. The MACD histogram depicted an increasing buying pressure. But its lines were still under the equilibrium. Besides, the Volume Oscillator
