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Price Analysis

Chainlink Price Analysis: LINK Price Record Gains As Markets Swing Bullish

The cryptocurrency market is currently appearing to be bullish as the prices of the currencies are significantly intensifying. The top currencies Bitcoin and Ethereum price escalated in the past 24 hours.

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Chainlink Price also took an active part in the price surge along with BTC and ETH. LINK Price obtained more than 8% impulse in the past 24 hours.

The other altcoins like XRP, DOT, BCH, XLM. DOGE, AAVE has also gained up to 10% momentum in the last 24 hours.

The crypto market is up with 6.07% over the last 24 hours with a market capitalization of $1.66 trillion.

The bulls steadily pushed the Chainlink’s price to newer heights after the massive price correction. Dramatically, the price has soared to above $31 in the last 24 hours. LINK traded between the $27 and $29 range before the price escalation. It is expected to surpass its previous all time high.

chainlink price

If the bulls consistently push forward, LINK Price might form a new high at $40.10 by successfully resisting at $36.40. The support levels are to be established at $28.20 and $30.30. The relative strength index is lying at 57.58 which indicates the buy signal.

The MACD strongly indicates the strong buy signal as the MACD line is intersecting with the Signal line from below. The histograms are steadily moving from the stable line by painting green which indicates the bullish crossover. 

The Parabolic SAR positioning the bullish movement as the dots moving below the candle sticks.

At a press time, the LINK price is $31.26 with a 24-hour trading volume of $221,952,339. It is up 6.67% in the last 24 hours. The current coinmarketcap rank is #10 with a market capitalization of $12,824,442,546.

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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