Chainlink is rallying again to $5.96 (up $0.093), after erasing earlier gains.
Meanwhile, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.974, while the previous figure was 4.192. United States 2-Year Note Auction came out at 4.505.
Chainlink USD made an initial breakout above its 3 day Simple Moving Average at $6.03, a potential indicator of a newly emerging bullish phase. Despite this, Chainlink reversed direction at $6 resistance zone and retreated back 4 cents below it.
Examining the technical analysis landscape, Chainlink might continue its downtrend in the short term.
At the same time, after ending today's session at $0.051, TRON lost $0.002 and is trading around $0.049. Algorand USD is down $0.015 from the beginning of the session and now trades around $0.23. Solana draws back 5.04% to trade around $11.27.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released tomorrow at 13:30 UTC.
Furthermore, the market is looking at tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 225,000 from the preceding figure of 222,000.
Also worthy of note, United States New Home Sales (Oct) is expected tomorrow at 15:00 UTC.
Chainlink is now trading 79.05% below the significant high of $28 it set around 10 months ago.