- After completing its bullish momentum Chain Link price has entered into a consolidation phase moving in between its support and resistance.
- The Link/BTC pair is trading at 0.0003825 BTC with a gain of 1.73%. Reaching 52 weeks high might seem a tough job, but reaching a 52 week low can be a child’s play.
Over the past few trading sessions, Chain link price has remained in a consolidated zone giving it a break from the bull run. It is trading at the value of $15.227(at the time of writing ) with a gain of 1.93%. It is also ranked at 10 with a market capitalization of $6,188,828,917.The volume of LINK is around $2,464,271,210 with a loss of 24.83%.
TECHNICAL ANALYSIS On Chain Link Wallet:
On the daily chart, Chain link price is following its trend line in a consolidated pattern. It has jumped from a low of $11.88 to $17.35, giving the investor a return of approximately 48%. At present, it is trading at the value of $15.11(at the time of writing) with an intraday gain of 3.01%. It is forming an inverted DOJI candle strengthening its consolidation zone. Meanwhile, it is trading above 20MA and 9 MA, which is acting as Temporary support for LINK.
Relative Strength Index (RSI) is at the value of 58.79( At the time of writing). There is no positive slope formation in the RSI, which indicates that there is strength in the consolidation zone.
Moving Average Convergence Divergence(MACD) gave a positive crossover on previous trading sessions. Meanwhile, histograms are also green indicating that the price may fluctuate in between the support and resistance zone.
What’s Next for chain link price:
Chain Link wallet has proved itself as one of the endless well of money in the past. After seeing the rally of other ALT coins there could be a chance of another rally for Chain LINK Price but it all depends upon the future.
TECHNICALS:
Major Support:$14.92
Major Resistance:$17.93