- Chainlink price hits the all-time high of $51.17, while some intraday profit-taking pulls it lower by -6.75% from the top
- The coin is in bullish momentum over the yearly chart, as it sustaining above all major moving averages (MA)
- The pair of LINK/BTC is trading positive with intraday gains of +5.26%, which is standing at 0.0008475 BTC
Chainlink price over the yearly chart is trading on a bullish note, following the higher and lower prices. Meanwhile, an important rising trend line is also noted, suggesting an uptrend on the chart. Similarly, LINK maintains itself above all the major or necessary moving averages (MA) of 20, 50, 100, and 200-Day. Likewise, the pattern also projects and correction in upcoming sessions, which is healthier for forthcoming trading sessions. Another thing to watch is volume; over the monthly chart, volume seems average. Support on the lower side is at $41 and $34; similar resistance on higher levels can be admitted at
LINK at Weekly Chart Seems Overbought
The 4-hour time frame Chainlink indicates some consolidation at higher levels after a bullish rally, which hits $51.17. Moreover, the technical indicators indicate some tiredness at the higher side, and a short-term retracement can be experienced. Although, LINK still looks bullish over the long term and medium term. At the time of writing, the coin trades at $48.45 with intraday gains of +8.87%. Whereas volume jumped drastically about +96% in 24-hours maintaining at $6,601,194,042, while the market capitalization at $20,049,324,664 with an increment of +8.74%. Supports are at $43 and $39 for the short term, while resistance at $52 and $55.
Relative Strength Index (CAUTION) indicates bullish momentum while trading near the overbought zone at 66.62. However, LINK can observe a short-term correction in the upcoming trading session.
Moving Average Convergence Divergence (CAUTION) currently indicates a bullish trend on the daily chart as LINK is trading with the significance of the buyer’s signal line (green) over the seller’s line (red).
Support levels: $41 and $34
Resistance levels: $55 and $62.