Chainlink price analysis shows that the LINK/USD pair is currently in an uptrend. The pair has been trading above the $7.00 level for a few days and it looks like the bulls are in control. The next resistance for LINK is present at the $7.51 level. This is a crucial level to watch as a break above it could see the pair move towards the $8.00 level. On the downside, support for LINK/USD is present at the $7.16 level. This is a key level to watch as a break below this level could see the pair drop towards the $7.00 level.
The LINK/USD is up over 0.65% in the past 24 hours and it looks like the bulls are in control. The market capitalization has reached over $3.60 billion and the 24-hour trading volume exceeds $589 million.
LINK/USD 4-Hour Price Analysis: Recent Updates
Chainlink 4-Hour price analysis shows that the LINK/USD pair has been in a strong uptrend over the past 4 hours. The pair made higher highs and lower lows, which is a bullish sign. The bulls appeared after the pair found support at the $7.16 level. The upper boundary of the Bollinger Band is widening, which is a sign that the bulls are in control, and the lower boundary of the Bollinger Band is flat, which is a sign that the bears are out of control.
ChainLink’s price analysis reveals that the Relative Strength Index (RSI) is currently near overbought levels, which is a sign that the bulls are in control. The Moving Average Convergence Divergence (MACD) indicator shows that the MACD line is above the signal line, which is a bullish sign.
Chainlink price analysis on the 24-hour charts shows that LINK/USD has regained its bullish momentum as the market moved above $7.51. The bulls were able to drive prices higher as they look to push the price past $7.32. The bears are trying to defend $7.16 and push prices down, but so far they have been unsuccessful.
The upper Bollinger Band is at $7.51 and the lower Bollinger Band is at $7.16 indicating that the market is in an uptrend. The 1-day Relative Strength Index (RSI) is at 52.09, indicating that the market is currently in overbought territory. The blue MACD line is above the red signal line indicating that the market is in an uptrend.
Chainlink’s price analysis reveals that the cryptocurrency is following a full positive trend with plenty of room for more positive activity. Additionally, the market showed slight indications of a breakout in the coming days. As a result, the trend might reverse, but the bulls will do everything in their power to retain their power.
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