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- Chainlink coin price is observing a strong bullish momentum which can soon push the price to a new high. LINK coin price is currently trading with a gain of more than 6.11%
- LINK price moving average can also see a strong rally to break its all-time high. In contrast, the LINK/BTC pair is also up by more than 1.9% in the intraday session
LINK coin price is currently trading in a strong bullish trend and can soon see a new high in the future. Chainlink‘s price is currently up by more than 6% in the intraday time frame and is trading near the value of $31 It is one of the major blockchain abstraction layer protocols which helps to unite smart contracts through the various networks and their users. LINK token has a very high ROI which has benefitted the users and its investors for a long time. Chainlink is currently observing a V-Shaped recovery and can soon see a new high in the future. The LINK/BTC pair can also observe a strong upside rally which may push the price to a new high. One can invest in Chainlink as per their needs and breakout in price.
LINK coin market dominance along with the market cap is seeing a strong recovery which can place it in a top-ranking coin. The asset has a market dominance of more than 0.72% and its increasing rapidly. The volume to market capitalization ratio for LINK price suggests a strong bullish trend in the price for the future.
LINK Coin Price Bulls Are Ready To Push The Price To A New High
The weekly technical chart of LINK coin price hints towards a strong upside momentum which can push the price to a new high. On the daily time frame, the crypto asset live price is looking for a major breakout to a new high. LINK coin price upside momentum may observe a hostility near the value of $40. The support of the coin price can be found near $20 in the upcoming days. The asset price is trading above 50 and 100 Daily Moving Average, which can soon give a positive crossover in the future.
The 100MA line is near $25 which can act as temporary support of the price. The asset price is currently trading above 100MA which can soon push the price to a new high. In the daily time frame, there is an upcoming U-shaped recovery. If the coin price goes 15 to 20% above the current level then a strong bullish trend can be seen. LINK/BTC pair can also see a new high in the future.
Conclusion
LINK coin price can also see a new high in the future. Link/BTC pair can also observe a new high in the future.
Technical Levels
Major Support:$20
Major Resistance:$40
