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Price Analysis

Chainlink (LINK) Prices Up by 1.46% as per Intraday Figures; Will It Maintain the Rising Consistency?

LINK was trading at $1.78 in the initial hours of the day, today. With several falls it went as low as $1.74. Since, 04:40 UTC, the coin seems to have gained back its pace and started to maintain an upward motion. The highest trading price for the day until the time of penning down was $1.86 but, it could not maintain its efficiency and started to recede slowly. The coin at present indicates a bearish run which we anticipate it to be the reason of the declining market trend.

LINK to USD Price Analysis:

Chainlink Price
Chainlink Chart By TradingView

Chainlink reflects a bearish trend by 2.33% when compared to the highest price of $1.86 today which was at 05:58 UTC.

We feel that as per the trend observed, LINK prices may continue to fall marginally today and can reach close to $1.78.

We strongly recommend purchasing the new coins as per the current trend of LINK as it is advisable to retain the coin from a long-term perspective.

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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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