logo

ChainLink price analysis: LINK/USD price remains consistent at $7.6

ChainLink price analysis: LINK/USD price remains consistent at $7.6

TL;DR Breakdown

  • ChainLink price analysis is bullish today.
  • The strongest resistance is present at $8.2.
  • The strongest support is present at $7.1.

ChainLink price analysis for September 26, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours. On September 25, 2022, the price reached from $8 to $7.5. However, the market increased in value soon after and gained more value. Moreover, ChainLink has peaked and reached $7.6, just shying away from the $8 mark.

The current price of ChainLink is $7.6, with a trading volume of $681,398,139. Chainlink has been down 3.36% in the last 24 hours. ChainLink currently ranks at #23 with a live market cap of $3,773,344,478.

LINK/USD 4-hour price analysis: Latest developments

ChainLink price analysis reveals the market’s volatility following a closing movement. This means that the price of ChainLink is becoming less prone to the movement towards either extreme, showing increasing dynamics. The Bollinger’s band’s upper limit is $8.1, which is the strongest resistance point for LINK. Conversely, the lower limit of Bollinger’s band is $7.1, which is another support point for LINK.

The LINK/USD price appears to be moving under the price of the Moving Average, signifying a bearish movement. The market’s trend seems to be dominated by bears. The LINK/USD price appears to be moving upward, illustrating an increasing market. The market appears to be showing bullish potential.

image 336
LINK/USD 4-hour price chart Source: TradingView

ChainLink price analysis reveals that the Relative Strength Index (RSI) is 53, showing a stable cryptocurrency market. This means that the cryptocurrency falls in the central-neutral region. Furthermore, the RSI appears to move upwards, indicating an increasing market. The dominance of buying activity causes the RSI score to increase.

ChainLink price analysis for 1-day

ChainLink price analysis reveals the market’s volatility following a decreasing movement, which means that the price of ChainLink is becoming less prone to experience variable change on either extreme. The Bollinger’s band’s upper limit is $8.2, serving as LINK’s strongest resistance point. Conversely, the lower limit of Bollinger’s band is $6.7, which is the strongest support point for LINK.

The LINK/USD price appears to be moving over the price of the Moving Average, signifying a bullish movement. The market’s trend seems to have shown bearish dynamics in the last few days. However, the market has decided on a positive approach. As a result, the trend has shifted today, the price started moving downwards, and the market started closing its volatility. This change has played a crucial role in the development of ChainLink. However, the price attempts to move towards the support band of the market.

image 337
LINK/USD 1-day price chart Source: TradingView

Chainlink price analysis shows the Relative Strength Index (RSI) to be 53, signifying a stable cryptocurrency. This means that the cryptocurrency falls in the central-neutral region. Furthermore, the RSI path seems to have shifted to a downward movement. The decreasing RSI score also means dominant selling activities.

ChainLink Price Analysis Conclusion

Chainlink price analysis reveals that the cryptocurrency follows a consistent trend with much room for activity on the positive extreme. Moreover, the market’s current condition appears to be following a neutral approach, as it shows the potential to move to either bullish extreme. The market shows much potential for development towards the increasing end of the market.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Narmin

Narmin

Narmin is a passionate fintech writer and blockchain enthusiast backed by extensive experience in psychology and statistics.

Related News

Hot Stories

Neo price analysis: NEO/USD prices increased to $6.95, demonstrating bullish vigor
Tezos price analysis: XTZ bulls mark 1.20 percent gains as price uplifts to $0.9879
TRON Academy Announces 7 New Partners and New Activations
Shiba Inu price analysis: Upswing raises SHIB price to $0.000009211
Ripple price analysis: Bullish momentum helps elevate XRP price to $0.3882

Follow Us

Industry News

Luxembourg expands PayPal operations to cryptocurrencies
Grayscale Investments slammed with a lawsuit as GBTC plunges
Taylor Swift's $100M partnership with troubled FTX ended prematurely: Reports
Iran plans to freeze bank accounts for women without hijab
Revealed: the top-5 token Holdings of Alameda

Add Your Heading Text Here