Chainlink Exhibits a 1.03% Uptrend in Past 24 hours

  • Chainlink gains 1.03% overnight to touch 2.63 USD
  • The next resistance for LINK awaits at 2.82 USD

Chainlink has not been able to show significant strength in the last 24 hours, unlike other major coins. It has been up by only 1.03% in these hours. The three price variations have been between 2.61 USD and 2.78 USD.

LINK Price Analysis:

Chainlink (LINK) opened the day trading at 2.61205 USD and over the next 5 hours and 9 minutes, it went up by 4.13% to be placed at 2.72 USD.

The second swing started at 06:49 UTC and over the next 10 hours and 25 minutes, it gained 6.70% to trade around 2.78 USD by 17:14 UTC. From there it weakened and lost 6.06% to lose 0.16897 USD and got placed at 2.62 USD.

LINK’s market cap has made a significant move in these 24 hours. It reached 930.34 million USD from 963.07 million USD in one day. It should be noted that the market cap has been witnessing gradual rises since October 22.

LINK Chart
Chainlink Chart By TradingView

LINK’s 20-day average is at 2.52804 USD and the 50-day average is 2.07244 USD. The current price stands at 2.6391 USD which is 27.34% and 4.39% more than the 50-day average and 20-day average. Therefore, as per Chainlink Forecast, the next resistance is expected to meet around 2.82 USD.

Chainlink (LINK) Resistance & Support Levels
1st Resistance $2.823
2nd Resistance $2.896
3rd Resistance $3.003
1st Support Level $2.643
2nd Support Level $2.536
3rd Support Level $2.463

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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