The two best performers since the “Black Thursday” occurring in March include the coins Chainlink and Tezos – we can see that the LINK and XTZ tokens managed to pump their price by more than 150% (each), outperforming Bitcoin and every other coin. The latest cryptocurrencies news show that any discussion over the crypto price charts in 2020 is likely to include these two coins which are still viral.
According to analysts, both LINK and XTZ have seen some of the most volatile and massive flows of the past twelve months in the markets. However, since the Black Thursday March 12 flash crash, Chainlink has seen a surge of 156% while Tezos has rallied by 152%.
The big question now is whether these altcoins are poised to remain the leaders of the pack and indicate future surges in the altcoin market. Looking back, the crash on March 12 started at $3.80 for Chainlink. In more than one month, the price has rallied back up to the levels before the crash. This move shows strength and interest from buyers.
As the charts show, Chainlink and Tezos performed well over the past month – LINK reclaimed the monthly support level at $2.25 and started showing off strength. XTZ, on the other hand, has been matching the increase and is now at $2.25 with a 5.32% rise on the day.
Meanwhile, what is also interesting is the one day chart of LINK/BTC, showing strength and a similar conclusion can be drawn with the LINK/USDT pair. However, the potential bearish divergences confluent with decreasing volume can be spotted. If the green zone is lost (as the photo above suggests), then traders will shift their focus to the 0.00044000 sats and 0.00035000sats levels.
On the other hand, the Tezos news show a similar but yet very different situation.
As you can see, the XTZ/USDT pair shows a similar chart as Chainlink and the price surged more than 150% in one month. However, the similar weaknesses include the movements of the markets recently, through which assumptions can be made that the price is close to a reverse in its trend.
The 4-hour shows that Tezos was unable to break through $2.35 but that the price is stable. Both Chainlink and Tezos are now resting.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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