The cryptocurrency markets are ever-experiencing price swings, but one of the biggest and most stable assets in the space is Chainlink. This week, the token’s price recently bounced from $24 to the current price of $30.50 in less than 24 hours, and there seem to be many people who believe Chainlink will continue to make gains tomorrow.
As the recent trend of “DYOR” (Do Your Own Research) shows, Computer Networking is a broad area that contains a ton of information, facts, and events that are not well indexed by wikipedia. This post aims to catalogue the more important price movements, statistics and news in the market and provide some insight on what to expect from the market in the coming period.
Chainlink (CLL) is currently trading at $24.18 and has a market cap of $123.58. The cryptocurrency is up 4.07% in the last 24 hours. The cryptocurrency has a circulating supply of 58.4 Million coins, a total volume of $8.17 Million for the last 24 hours. The highest price Chainlink has in the past 24 hours was $26.77 while the lowest price was $25.09.. Read more about chainlink price prediction $1,000 and let us know what you think.Summary of the situation
- Overnight, the LINK fell back to the $24 support.
- LINK/USD is gearing up for an uptrend.
- Resistance is at $35.
Today’s Chainlink price forecast is bullish, as the market has retested $24 support and is now preparing to move higher. Therefore, we expect LINK/USD to rise in the next 24 hours and reach the previous high around $35. Crypto-currency heat map. Source: Coin360 The general market is trading in the green today. Bitcoin is up 2%, while Ethereum is flat at 0.7%. Cardano (ADA) is among the top performers, up 13%. LINK/USD opened at $25.38 after yesterday’s bearish close. Then there was some growth overnight, and the market peaked around $29. Therefore, we could see another small move lower before the market price takes a more serious direction.
Chain link price changes in the last 24 hours
The LINK/USD exchange rate was in the range of $23.84 – $29.06, indicating high volatility. Trading volume increased 11% to $2.5 billion. Meanwhile, the total market capitalization is $11.64 billion, which puts the cryptocurrency in 13th place overall.
LINK/USD 4-hour chart – LINK rebounds from $24 support.
On the 4-hour chart, we see LINK/USD moving upward to establish a new high above the $35 level. From there, bullish momentum should continue to strengthen in the coming weeks. 4 hour chart LINK/USD. Source: TradingView Overall, the market is still trading in a downward dynamic as it has pulled back from the $53 level in recent weeks and found support at $15. A strong rally took place earlier today, suggesting the bulls are looking to regain control of the situation. The 27th. In May, the LINK/USD pair fell until support was found at $24. This means that Chainlink’s price action has made a higher bottom and is gearing up for a rise to the $41 level. We are currently seeing the first attempts to get away from the $24 support when LINK/USD rallied earlier today. If LINK/USD fails to rise further and drops below $24 support, we could see another correction next week. Therefore, the development of the price action should now continue. Once the LINK/USD price action confirms a new upside market structure, we may enter a long position next week.
Estimated prices for yarn of chain: Supplement
The price outlook for Chainlink is bullish, as the market found support overnight at $24 and is now preparing to rise above $35. From here, we expect LINK/USD to head for resistance at $41 and continue to rise over the next month. While we wait for more blockchain price action, read our latest guides on how to buy Cardano, mine Zcash, and dominate the bitcoin market. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The market is currently in a short-term up-trend, with prices breaking above $24.00 – the most recent high-point in the price of Chainlink. At the moment, Chainlink is: ** Overbought: ** ** Oversold: ** ** Buy: ** ** Cover: ** ** Short: **. Read more about chainlink future price predictions and let us know what you think.
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