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Chainlink price analysis: LINK prices consolidate above $7.5 as market sentiment turns positive

Chainlink price analysis
TL;DR Breakdown
  • Chainlink price analysis shows an upward trend
  • Support for LINK prices $7.2
  • Resistance for Chainlink prices is present at $8.0

Chainlink price analysis shows the cryptocurrency has had a surge of 3.57 over the day as prices remain above the $7.5. The bulls have come back to the market as the day comes to an end. Support for LINK prices is present at $7.2 as the market sentiment turns bullish. Resistance for Chainlink prices is present at $8.0. Prices are expected to go up as the market sentiment turns positive.

Chainlink price analysis indicates LINK prices are currently on an upsurge as the trading volume increases to $400,881,768.02 as the digital asset ranks position 25 in the overall market. LINK prices have been hovering around the $7.2 level in the last 24 hours. The market capitalization for LINK is currently at $3.5 billion as the digital asset occupies $0.27 percent of the overall digital assets market.

LINK/USD 1-day price analysis: Bulls in control as LINK prices resume the uptrend

The 1-day Chainlink price analysis indicates the prices are trading above the $7.5 as the market sentiment turns positive. The bulls have taken charge of the market as prices resume the uptrend. The support for LINK prices is present at $7.2 while resistance is seen at $8.0. Prices are expected to go up as the market sentiment turns positive. It has been a good day for cryptocurrency as the market capitalization for LINK is currently at $3.5 billion. The digital asset has seen a surge of 3.57 over the day as prices remain above the $7.5 level.

image 291
LINK/USD 1-day price chart, source: TradingView

The bullish momentum is indicated by the Relative Strength Index as it is currently seen at 62.84. The bulls have taken control of the market as prices resume the uptrend. MACD shows a bullish crossover as the prices are on an upsurge. Prices are expected to go up in the next few hours as the market sentiment turns positive. The parabolic SAR indicator is currently indicating a bullish trend as prices are expected to go up in the next few hours.

Chainlink price analysis on a 4-hour timeframe: LINK/USD pair follows an ascending channel

Chainlink price analysis on the 4-hour timeframe shows that the LINK/USD pair is following an ascending channel. The digital asset is trading above the $7.5 level as market sentiment turns positive. The support for LINK prices is present at $7.2 while resistance is seen at $8.0. Prices are expected to go up as the market sentiment turns positive.

image 290
LINK/USD 4-hour price chart, source: TradingView

The 4-hour Chainlink price analysis shows that the RSI indicator is currently seen at 63.40 which indicates that the bulls have taken control of the market. The MACD is in bullish territory as prices are on an upsurge. The prices are expected to go up in the next few hours as the market sentiment turns positive. The parabolic SAR indicator is currently indicating a bullish trend as prices are expected to go up in the next few hours.

Chainlink price analysis conclusion

Chainlink price analysis shows that the digital asset is currently on an upsurge as prices are trading above the $7.5 level. The market sentiment is turning positive as the bulls have taken control of the market. Prices are expected to go up in the next few hours as the market sentiment turns positive. The bulls are looking to break above the $8.0 level while the bears are looking to push prices below the $7.2 level.

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.

joel

joel

Joel is a Blockchain enthusiast who has been active in the blockchain sector since 2016. He enjoys talking about blockchain and its implications for the future of humanity.He loves content and creating features on cryptocurrency.

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