Chainlink, XRP, Monero and Zcash hover near key levels as support holds

Cryptocurrencies Chainlink (LINK), XRP (XRP), Monero (XMR), and Zcash (ZEC) are all trading near crucial support and resistance zones, with investors closely monitoring their respective price actions for signs of the next major move. Chainlink, a decentralized oracle network that connects smart contracts with off-chain data, has been facing downward pressure after a strong performance through September and October. Currently, LINK is trading near $11.40, testing the significant $11.00–$11.10 support range. LINK reached a local peak of $15.50 toward the end of September before beginning a correction marked by a series of lower highs, indicating that bullish momentum has faded.

Source: CoinTurk News