Price Analysis

Chainlink Price Smash New Highs, $100 Appears Imminent!

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Highlights

    Chainlink price broken the upper resistance levels to form new ATH close to $50

    The rally is expected to gather an extreme bullish momentum to propel towards the next set target at $100 very soon

The chainlink price that consolidated for a pretty long time, successfully rallied above the previous high. The new ATH is at $45.84 and hence manifesting a possibility of an intensified bull run.

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The LINK price is expected to rally high to hit the levels close to $100 in coming weeks as predicted by a popular analyst. The analyst ProfessorAstrones also predicted that the LINK price may smash the levels close to $225 by the end of 2021. 

The price had dipped miserably, however, the steep ‘V-shaped’ recovery showcased the strong momentum to fly high. Additionally, the LINK marines appears to be poised to uplift the price  close to the set target at $100.

LINK price rose to its highest ever levels a month ago, yet dipped within no time below $30. However, the asset flipped the bearish divergence and entered the consolidation phase with notable pumps and minute dumps. 

link price

The accelerated bull run led the price to smash the new ATH above $47 and successfully maintained around these levels. At the time of writing the LINK price is $47.79 with a significant jump of 12.69% since the past trading day. 

Technical Specifications

  • The resistance levels for Chainlink price cannot be determined as the price is trending in the discovery mode
  • The support levels is at $39 which is far off
  • The indicators for the LINK price point out at a strong buy signal

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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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