Chainlink, VeChain, Decred Price Analysis: 08 March


Chainlink flipped the $28.34 level from resistance to support over the past few days and defended it from bearish pressure once more. VeChain was strongly bullish on the charts as bulls eyed a target of $0.077, and Decred was trading at $149.

Chainlink [LINK]

Source: LINK/USD on TradingView

On the hourly chart, LINK made steady progress past levels of former resistance, now turned support. The past couple of days saw the $28.34 level flipped to support, ceded to selling pressure before being converted into a support level once more.

This showed that in the short-term, there was some demand for LINK, which should aid its move toward and past $30 over the next few days.

The RSI moved above the neutral 50 value while the Stochastic RSI had corrected from overbought territory, showing further gain are possible in the coming hours.

VeChain [VET]

Source: VET/USDT on TradingView

The $0.06 was a high reached in mid-February, and a brief rectangle-top pattern was formed before VET plunged to $0.038. However, the bulls have picked up the pieces since, and driven the prices past the local highs at $0.06.

This recovery was driven by strong demand,…



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