Chainlink, Polkadot & Crypto.com — Asian Wrap 20 Jan

Chainlink price has undoubtedly given back a good amount of the gains it generated from the beginning of the year. LINK rallied as much as 47% from the new year’s open but has given back the great majority of those gains – Chainlink is now up 8% vs. 47%. 

Polkadot price could be one of the earlier and biggest movers in any broader cryptocurrency return to bull market conditions. The setup on the $2.00/3-box reversal Point and Figure chart is an epic combination of bear traps. Polkadot price continues to face significant resistance in the low $30 price ranges. 

Crypto.com price is within range of its final support zone before it could move into the $0.30 value area. Bears are in control and have been fighting to push CRO lower, but bulls have persisted. Crypto.com price is sitting in a susceptible support zone that, if breached, could trigger a steep drop to lows not seen since early November 2021.