- Chainlink coin price is currently in an uptrend and can soon see a new high being formed. LINK coin price has seen a gain of more than 7% in the past few years.
- LINK price moving average can soon see a positive crossover in the upcoming days. In contrast, the LINK/BTC pair has also seen a gain of more than 1.5%
LINK coin price continues to rise for a new high and can soon break the previous resistance. Chainlink price is currently trading above the $27 and has seen a gain of more than 7% in the weekly time frame. It is one of the major blockchain abstraction layer protocols which helps to unite smart contracts through the various platforms. LINK token has a very high ROI which has always differentiated it from the other project . Chainlink U shaped recovery might push it beyond $50. The LINK/BTC pair can also see a new high being formed in the upcoming days. One can invest in Chainlink as per their risk adversity and positive breakout.
LINK coin has a market cap of more than $27,346,034,384 and has observed a downslide of more than 57% from it’s all time high. The asset has a market dominance of more than 0.62% and its volume and market cap is also increasing. The volume to market capitalization ratio for LINK price is near 0.1351 suggesting a strong uptrend in price.
LINK Coin Price Technical Indicators Hints Towards A Strong Uptrend
The weekly technical chart of LINK coin price suggests a strong uptrend for upcoming weeks . On the daily time frame, Chainlink price is looking to break the previous resistance. LINK coin price bullish momentum can see a halt near $35. The support in the price on the downside momentum can be observed near $20. The asset price is trading above 50 and 100 Daily Moving Average, with a possibility of a positive crossover.
The 100MA line is near $25 making it a temporary bounceback zone for the price . The asset price has crossed above 100MA which can act as a positive catalyst for the price. In the daily time frame,there is an upcoming U shaped recovery. If the coin price jumps above the barrier of $35 then a strong upside momentum can be seen. LINK/BTC pair can also see a new high being formed.
LINK coin price is observing a strong upside momentum and can soon see a new high being formed. Link/BTC pair can also observe a new high in the future