- LINK has seen over 9% increase in the last 24 hours.
- Volume remained below $1 billion despite a price rise.
Over the last 24 hours, Chainlink [LINK] has experienced a more significant price surge than the top 10 cryptocurrencies. Given this notable increase, are other important metrics indicating similar positive trends?
Chainlink takes the lead in the 24-hour price surge
Analyzing Chainlink’s price movements revealed a positive start to the week. On the daily timeframe, it recorded an 8.45% increase in value by the close of trading on the 18th of November. It reached around $14.9 compared to its opening price of around $13.7.
As of this writing, it was trading at about $15, reflecting a further 1% increase.
Also, data from CoinMarketCap indicated that, within the last 24 hours, LINK demonstrated the highest price surge. The data showed it had witnessed almost a 6% increase, with the second-highest at around 3%.
Its press time trend appeared strongly bullish, evident in its Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). At the time of writing, the RSI was above 60, and the MACD was above one.
来源：TradingView
Additionally, the $13 and $12 price ranges are identified as support levels based on the current move. The short moving average (yellow line) served as long-term support, particularly around the $10 price range.
Chainlink’s 30-day MVRV shows profitable trend
The ongoing uptrend brought positive news for holders within the 30-day Market Value to Realized Value ratio (MVRV). AMBCrypto’s examination of the Santiment chart revealed that the Chainlink MVRV was positioned above zero, standing at over 14% as of the latest update.
This figure signaled a robust level of profitability for holders.
