Chainlink (LINK) Receives No Respite from the Sluggish Pressure

  • Chainlink’s struggle continues for another day and loses 1.21% in one day
  • The price trend of the last day shows huge volatility with three major price fluctuations

Chainlink has entered into another day of sluggish growth. In the last 24 hours, it has decreased its price by 1.21%. It has been through three major price swings in the day, and the value has now fallen to as low as 2.21 USD.

Chainlink Price Prediction

Chainlink coin opened the day at 2.24513 USD, and its first variation happened between 01:00 and 09:09 UTC. In these 8 hours and 9 minutes, LINK coin lost 7.05% value and got placed at 2.11 USD. It was followed by the addition of 8.42% in the value that took Chainlink’s price to 2.28773 USD by 17:20 UTC. The next variation happened over the next 8 hours and 38 minutes from 17:20 UTC, and it took the price down to 2.22274 USD.

LINK Price Chart By TradingView

LINK coin’s market cap has witnessed a marginal decline in the last one day. Yesterday, the market cap was 780.208 million USD, and it has been pushed to 778.532 million USD today.

The 20-days and 50-days moving averages stand at 2.22005 USD and 2.22213 USD, respectively. The current price of Chainlink is at 2.21775 USD, and it is trading below both the lines as of now. Based on formation of technical indicators and Chainlink future price forecast, the struggle of the coin is here to stay for some more days.

Chainlink (LINK) Resistance & Support Levels
1st Resistance $2.3
2nd Resistance $2.37
3rd Resistance $2.45
1st Support $2.15
2nd Support $2.07
3rd Support $2

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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