- The cryptocurrency market started this month on a good note and rose 2.49% over the past 24 hours.
- BTC was able to break above a key resistance level, while ETH was attempting to do the same with a barrier on its chart.
- LINK may be at risk of breaking below a recently-flipped level and DOGE could finally escape its consolidation phase.
The cryptocurrency market started this month on a positive note. October, which has historically been a bullish month for the cryptocurrency market, seems to be maintaining its reputation as a positive period for the market. This is evident in the fact that the total cryptocurrency market cap increased 2.49% over the past 24 hours, according to CoinMarketCap data.
Following this marketwide uptick, traders and investors may want to pay close attention to Chainlink (LINK), Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). At press time, all 4 of these cryptocurrencies were in the process of challenging either key support or major resistance levels.
Bitcoin (BTC)
The market leader was able to overcome a strong resistance level over the past 24 hours. Furthermore, one noteworthy technical flag that was on the verge of being…
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