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Price Analysis

Chainlink Price Analysis: Chainlink Eyes a Storm to Breach the All-time High

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  • Chainlink has shown six major price swings in the last 24 hours.
  • The target for 2019 should be fixed at 4.5 USD.

Chainlink has been stable for the larger part of the past few days. But the growth it got towards the end of June was enormous, and it has been getting huge attention from new investors since then. The coin has been largely traded by the intraday traders. Here is an analysis of the Chainlink’s previous 24 hours of price movement to help the speculators and short-term traders. The coin is likely to go as high as 4.5 USD by the end of this year. Let us look at the current details of the coin first.

Chainlink Price Statistics-

Chainlink (LINK)14th July 09:02 UTC
Rank16th
ROI (Return on Investment)1,948.85%
Coin Circulation350,000,000 LINK
Market Cap1,125,559,357 USD
Value in USD3.1968 USD
Value in BTC0.00028751 BTC
24h Volume123,033,656 USD

Chainlink to USD Price Comparison-

Chainlink price chart - july 14

Chainlink got its first hike between 00:46 UTC and 03:25 UTC. It was followed by a huge shift of 7.75% over the next 9 hours and 29 minutes. In the first swing, the coin gained 0.18 USD or 5.91% over 2 hours and 39 minutes. The fall cost the coin 0.25 USD. Again the coin got a push between 12:57 UTC and 17:50 UTC of 7.88%. This push added 0.24 USD to the value over 4 hours and 53 minutes. Another fall was noticed between 17:50 UTC and 21:05 UTC, and the coin lost 0.21 USD or 6.55%. It was followed by a hike of 5.46% or 0.16 USD over the next 4 hours and 44 minutes. But the latest variance was a fall of 3.38% or 0.10 USD that happened between 01:51 UTC and 07:42 UTC. These are the six major price variations in the last 24 hours faced by Chainlink. All these variations lie in the range of 3% and 7%.

Chainlink Price Prediction-

The medium-term outlook of Chainlink is bullish. The coin is likely to be around 4.5 USD by the end of 2019. The next resistances are 3.276666667 USD, 3.383333333 USD, and 3.496666667 USD. The support levels are 3.056666667 USD, 2.943333333 USD, and 2.836666667 USD.

Conclusion-

Chainlink is likely to turnaround its time again after June’s high growth. The coin may even breach its all-time high by the end of this year. So, long-term holding will be the best strategy to maximize returns.

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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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