- INJ and LINK turned bullish and are up 1.40% and 4%, respectively.
- AVAX has surged 4.35% in the past week and 18.60% in the last 30 days.
- ADA is also poised for a breakout but is currently underperforming.
The crypto market, led by Bitcoin (BTC), is about to witness a surge in buying pressure as multiple altcoins are awaiting for a breakout. Chainlink (LINK), Avalanche (AVAX), Injective (INJ), and Cardano (ADA) are among the cryptos gaining traction.
Meanwhile, the total market cap of the crypto sector stands at $2.32 trillion, up 0.67% in the past 24 hours, according to CoinMarketCap data. The crypto market Fear and Greed Index reads a value of 58 which means that neither the buyers nor the sellers have complete dominance.
While Bitcoin continues to consolidate between $60,000 and $69,000, a key resistance zone, Chainlink (LINK) has surged by over 4% in the past 24 hours. The 15th-largest cryptocurrency, with a market cap of $7.17 billion, is also up 7.05% over the past week and 9.56% in the last 30 days.
Avalanche (AVAX) has surged 0.5% in the past 24 hours and is trading at $27.58 with a market capitalization of $11.22 billion, ranked 12th on CoinMa…
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Source: https://coinedition.com/chainlink-avalanche-injective-and-cardano-poised-for-breakout-as-bitcoin-consolidates/