Price Analysis

Chainlink Marines Propel Link Price above $40, May hit $100 by May!!!

Highlights

    Chainlink price broke the $40 resistance to form new all time high and sustains above the levels

    The rally is expected to get intensified and hit a three digit target by the end of May 2021

A Minor Retracement May Arrive

Chainlink price that consolidated below $35 for quite a number of days before the bulls uplifted the price above $40. The price broke from the ascending triangle to reach a new all-time high at $42.08. The 10% rally re-entered the asset into the top 10 cryptocurrency lists pushing Dogecoin to the 11th position. 

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However, currently it is mandatory for the bulls to uplift the price and stand strong above $36.93 for a continued march. According to the analyst, RESEARCH 24/7, if the price sustains above these levels, then the price may hit $50.

However, the analyst has also predicted a slight pullback and stabilize above $36 before resuming a northbound trajectory. However, the jump may rally the price close to $45.2 post a minor retracement.

Also Read : Chainlink, Polkadot Intensify Race to $100, Which Will Reach First?

The price of Chainlink at the time of writing jumped from $40.98 to $41.19 with a magnificent surge of 12.34%. The price continues, however, maintains its uptrend and adds up gains every new minute. 

The bullish trend is expected to rally high and attain the highest ever levels in the history in the coming days. According to a popular analyst, MacroCRG, the link price may hit $100 by the end of May 2021.

The Link price prediction is done, considering the previous price movements. The Chainlink price maintained its uptrend within an ascending channel. And hence considering the upper resistance levels, the next stop may be above $100. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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