- The Chainlink token price flies above the 55-EMA during intraday
- The 24-hour trading volume is at $1.087 million.
- LINK/BTC pair is trading positive by 0.6% at 0.00050819 BTC.
Moving Average (EMA) In the Chainlink token daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price moves around the yellow line and guarantee an uptrend for LINK as long as prices are above the moving average.
Trading volume (1.304 M) is below the 20-day moving average (5.994 M). The volume is low, so the cost decreases. Investors may also notice a decrease in volume. This indicates that unusual volatility is common on the following trading days.
Chainlink Token Price May Breakout From The Resistance
The daily price chart of Chainlink token is on the rise. Depending on the price movement, the support range is between $20 and $22. On the flip side, the resistance area you should be looking for is $34- $36.
The RSI showed a signal of 60 (bullish) with a short-term buy forecast. Investors may find that the indicator’s RSI line is sloping upside. A rise can happen on future trading days.
The MACD shows a (bullish) cross above the signal line on October 15, indicating a buy signal for the currency. In addition, investors can see green bars in the histogram indicator.
Conclusion
Chainlink is currently trading at $31.95 with a 24-hour trading volume of $1,087,886,374. The link price has increased by 2.6% in the last 24 hours. 460 million coins are in circulation, and there are a total of 1 billion coins.
RSI and MACD indicate a buy signal. Traders have directed low volume. In fact, the cost has bounced from the support zone. A market overview also shows that this pattern will continue to surge in the coming trading days.
Resistance Level: $34- $36
Support Level: $20- $22