Chain link price According to analysis, digital assets are currently trading at $ 9.20 after a 7.91% surge in the last 24 hours. LINK currently has a market capitalization of $ 4.21 billion and its trading volume reached $ 908,186,637.50 over the same period. Cryptocurrency pricing behavior over the past few days has been very bullish as it has soared above the $ 8.0 level and could even reach the $ 9.0 level. LINK is currently ranked 20th in the market, with a market advantage of 0.35%.
LINK / USD Daily Chart Price Analysis: Bulls Faces Big Challenge at $ 10.0
one day LINK / USD The chart shows that digital assets have been high and low since the beginning of the month. Price behavior is currently above the bullish moving average. The MACD indicator is in the positive territory, but the RSI indicator is close to the overbought level, so the card may have been modified. The main resistance of the Bulls is $ 10.0, and if we can overcome this level, we can move to $ 12.0. On the downside, support levels are $ 8.5 and $ 8.0.
Bollinger Bands are starting to expand, indicating that the market is starting to gain momentum. The upper band is currently $ 10.4, which is very close to the main resistance level. To continue the uptrend, digital assets need to close above this level every day.
The 50-day EMA is currently $ 8.1 and the 100-day EMA is $ 7.2. These moving averages serve as a negative support level. As buying pressure in the market increased, buyers were able to push prices above these moving averages.
Chainlink Price Analysis in 4-Hour Time Frame: Bearish Divergence Occurs
The 4-hour LINK / USD chart shows that digital assets have created higher highs and higher lows. Price behavior is currently trading above the bullish moving averages. The MACD indicator is in the positive territory, but the bearish divergence occurs as the price rises, but the MACD indicator lowers the high. This may mean that the card will be modified in the near future.
4 hour chart Chain link price Analysis shows that digital assets form a bearish divergent candlestick pattern. This usually happens before price corrections or reversals. The RSI index is also in the overbought area. This means that the price may be put up for sale in the short term. Support levels are $ 8.5, $ 8.0 and $ 7.5, and resistance levels are $ 9.5 and $ 10.0. The Bollinger Bands on the 4-hour chart are wide and show high market volatility.
Conclusion of chainlink price analysis
Chain link According to price analysis, chainlink’s bulls have taken revenge in the last few days, pushing up cryptocurrencies by more than 20% since last week. The current market sentiment is bullish, but there is a big resistance of $ 10.0 that the bulls have to overcome to continue the uptrend. The bearish divergence also occurs in the 4-hour time frame. This can mean that the card will be modified in the short term.
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