Chainlink (LINK) Rallies by 3%, Despite Huge Market Pressure

Chainlink price has surprised the traders with its current movement in the market. Contrastly, the price is registering profits amidst the heavy bearish attack. Intraday trading is anticipated to remain the same and close the day with a colossal profit.

As per yesterday’s trading, Chainlink price touched a high at $2.6 and a low at $2.4 with a trading volume of $190,350,548. The intraday chart is given below.

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LINK to USD Price Analysis:

Yesterday, Chainlink started trading with an escalation when the price jumped from $2.5 to $2.6 by 2.66%. The price couldn’t hold itself and immediately fell to $2.52 by 5.06%. LINK trading price recovered and jumped to $2.68 by 6.03%. Later, a pullback in the price took it down to $2.4 by 10.86%. The price again recovered and jumped to $2.62 by 9.95%, and the day ended at $2.56 by 0.71%. Today, the currency is moving up with great speed. The price has marked 5.94% escalation as it switched from $2.5 to $2.7.

Chainlink price
LINK Chart By TradingView

Chainlink is currently rising, and the uptrend is quite remarkable. The currency has suffered in the past and looks like it is gathering for a hefty recovery. If the momentum remains intact, then Chainlink would come out of the past losses very soon. The investment is recommended for short-term investors as the long-run could be risky with Chainlink.

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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