LINK, the native token of Chainlink, is beginning to recover after seeing a major drop against Bitcoin.
The price of LINK, the native cryptocurrency of Chainlink, has increased by 10% in the past three days with the recovery coming despite a “death cross” on the LINK/BTC chart.
Josh Olszewicz, a cryptocurrency trader and technical analyst, said the LINK/BTC chart encountered its first death cross since 2018.
What is the death cross and why is LINK seeing a relief rally?
In technical analysis, the term death cross is a candle chart formation that occurs typically before a large selloff.