Chainlink (LINK) Hits a Fresh ATH After 3 Years of Trading Sideways

Chainlink hits a fresh All-Time High as its smart contract-based blockchain platform extends its services in all the dimensions possible. In one such recent news about Chainlink’s integration for a smart way of interaction through SMS messaging with the help of the Conflux Network. Here, Chainlink will be a throughput for a messaging gateway using the decentralization of the LINK platform, making interaction easy and effective with decentralized blockchain.

The recent developments and integrations of the Chainlink platform have led to immense recognition and social media presence of LINK, which otherwise was not as hyped as it is now. As per the LunarCRUSH Social Listening for Cryptocurrencies, Chainlink is ranked 1st amongst the top 5 altcoins of the market, on the real-time board of altcoins rankings based on social engagement, social volume and % change.

This rank points out the social activity, price-performance against Bitcoin, leading to an increased trading volume of the altcoins due to a spurring price and the fresh ATH.

Chainlink, as per the recent price action, is believed to be an investment of the long-term and not just limit to a short-term investment due to recent ATH around $8.5. No doubt, the short-term gains cannot be ignored, but the long-term profit sticks untold as per the developments and growth of the network.

Chainlink Price Analysis

Chainlink News
LINK/USD Chart By TradingView

On the weekly chart, Chainlink has hit a recent ATH above $8.5 and has gained enough momentum in the ongoing year. LINK/USD at the press time was seen trading at $7.72 with expanding volatility as per the laid 20-day Bollinger Bands. The current spike in price is completely supported by the 50-day MA at $3.069. However, long-term investment is the only key to profit and financial freedom in terms of crypto, and a thoughtful investment is a must.

Moreover, LINK was always trading sideways over the past three years now and was almost ignored in terms of profit-making investments. And in the ongoing year, Chainlink has been enticing massive integrations with price spiking infrastructure built.

The technicals are overwhelming at this point in time due to the recent spike, and the MACD chart is drawing a complete positive crossover with the RSI lying at 81.57, showing increased demand due to the recent ATH. Based on the above technical analysis and Chainlink Prediction, the coin might record significant improvement in the future months.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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