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The Chainlink price prediction shows that LINK is currently changing hands at $7.45 as the technical indicator swings to the upside.
Chainlink Prediction Statistics Data:
- Chainlink price now – $7.45
- Chainlink market cap – $4.1 billion
- Chainlink circulating supply – 556.8 million
- Chainlink total supply – 1 billion
- Chainlink Coinmarketcap ranking – #18
LINK/USD Market
Key Levels:
Resistance levels: $8.50, $9.00, $9.50
Support levels: $6.00, $5.50, $5.00
LINK/USD is keeping the upward movement as its price moves to cross above the upper boundary of the channel with a gain of over 6.91%. At the time of writing, the Chainlink (LINK) bulls remain above the 9-day and 21-day moving averages and capped to the upside at $7.50.
Chainlink Price Prediction: Chainlink (LINK) Could Spike High
The Chainlink price keeps hovering above the 9-day and 21-day moving averages but the bullish rally failed to materialize above the $7.50 level. Meanwhile, a break above the channel may provoke a bull run to hit the resistance levels of $8.50, $9.00, and $9.50 respectively.
The daily chart reveals that LINK/USD may tend to move higher as the technical indicator Relative Strength Index (14) moves to cross above the 70-level. Nevertheless, if the buyers failed to keep the coin on the upside, it could slide toward the lower boundary of the channel to reach the support levels of $6.00, $5.50, and $5.00.
LINK/BTC Shoots to the Upside
Against Bitcoin, the Chainlink price is likely to cross above the upper boundary of the channel in other to reach the nearest resistance at 2500 SAT. Unless this coin crosses above the channel and the price ends up closing above it, there might not be any reason to expect a bullish continuation.
On the contrary, any movement below the nearest support level of $2600 could refresh lows below the 9-day moving average, and a possible bearish continuation may likely meet the major support at 2400 and below while the buyers may push the coin above the channel to hit the resistance at 3100 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) is crossing into the overbought region to increase the bullish movement.
Alternatives to Chainlink
The Chainlink price continues to hover above the 9-day and 21-day moving averages within the channel. However, the cryptocurrency is now trying to create a higher round above the resistance level of $7.50, and should the buyers keep the coin above the moving averages, it may remain on the upside.
Meanwhile, in a market where some tokens are faltering, the $WSM token remains resilient, earning a strong “buy” recommendation, primarily due to its impressively affordable presale price. Capitalize on this competitive edge and acquire your $WSM tokens now, before they surge in value. Currently, the Wall Street Memes token boasts over $25 million in capital.
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