- Chainlink crypto price continues to rise for a new high. LINK coin price has observed a gain of more than 7% in the past 24 hours.
- Technical indicators of LINK crypto price suggest a strong bullish momentum for the future. In contrast, the LINK/BTC pair has observed a gain of more than 3% in the intraday session
LINK crypto price has seen a gain of more than 100% in the past few days. Chainlink price has observed a gain of more than 7% in the past 24 hours and is trading near the value of $28. It is one of the major blockchain abstraction layer protocols which helps to unite smart contracts through the various networks. ROI of LINK coin is more than 2330%, which has profited the investors for a long time. LINK crypto price continues to rally for the new high and can soon cross above $50 . The LINK/BTC pair can also see a breakout from the previous resistance in the future. One can invest in Chainlink according to the price action and their risk capacity
LINK coin is ranked 13th in the CMC and has seen a loss of more than 58% from it’s all time high. The asset has a market dominance of more than 0.62% and has observed an increase of more than 14% in the trading volume. The volume to market capitalization ratio for LINK token hints towards a strong upside momentum in price
Technical Indicators Of LINK Crypto Price Suggests A Strong Bullish Momentum
The weekly technical chart of LINK crypto price highlights a strong upwards trend in price for upcoming weeks . On the daily time frame, Chainlink price is seeing new highs. LINK coin price bullish momentum while going upside can see a halt near the value of $35. The support in the price on the downside momentum can be seen near $20. The asset price is trading above 50 and below 100 Daily Moving Average.
The 100MA line is near $25 making it a temporary support zone for the price. The token price has crossed above 100MA which can push the price to a new high. In the daily time frame,there is a formation of weak consolidated zones. If the coin price goes above $35, then a strong bullish momentum can be observed. LINK/BTC pair can also observe a breakout from previous resistance in the upcoming days
LINK coin price is currently seeing a bullish trend and can soon cross above $50. Link/BTC pair can also see new highs in the future.