Price Analysis

Chainlink (LINK) Exhibits Marginal Intraday Decline; Long and Medium Term Appear Bullish

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  • Chainlink (LINK) vs USD is trading around $1.9223.

Chainlink is going to organise its first virtual hackathon from Oct 14-31. For crypto enthusiasts and dedicated developers, there will be a prize amount of more than $60k for building the best-connected smart contract applications using Chainlink oracles.  

LINK to USD Price Analysis:

Let’s have a look at the fluctuation in the price of the altcoin over a period of 25-days. On September 09, Chainlink was trading around 1.81 USD. From there, today, the coin showed a bounce-back of 1.5%. In the weekly trading, the altcoin notably strengthened by 12.47% from the level of 1.71 USD on September 29. In yesterday’s trading, the digital coin declined by a fractional margin of 3.22%. It opened, the previous day, at 2.02 USD and wrapped the day at 1.95 USD.

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ChainLink Price
ChainLink Chart By TradingView

The crypto showed an ample amount of strengthening and is trading currently in the green. The coin has immediate support at 1.87 USD. Additionally, the resistance for the coin is at 2.25 USD.

As far as trends are concerned, the short-term looks bearish because of the decline in the cryptocurrency market.

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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