Chainlink Price Rallies by 5% Under the Bearish Market

  • Chainlink (LINK) price exhibits a tremendous upsurge.
  • The fluctuating market pushes Chainlink to climb up.

The market has been experiencing volatility from the beginning of the month. Amidst the fluctuation, there was a clear uptrend in the price of Chainlink. In the previous quarter, Chainlink was seen under huge market pressure, which caused a heavy loss in the price. It looks like Chainlink has entered the market in the last quarter with clear target of booking rally.

Today, the market is dealing with the bears, but Chainlink is booking heavy profits. Intraday trading seems to be flourishing with profits.

LINK to USD Price Chart:

The data feed is recorded from Binance as on October 11, 2019, at 10:28:23 UTC.

Chainlink Price
Chainlink Chart By TradingView

The graph is indicating towards a profitable time. The last month experienced a moderate opening around $1.7. Later, the price fell from $1.7 to $1.5 by 9.42%. However, the price escalated from $1.5 to $1.89 by 21% and then to $2 by 7.69%. The uptrend soon created a selling pressure that took it down to $1.4 by 26.71%. The uptrend again entered and took it back to $1.7 and closed around the same price. Due to the same, the coin booked a loss of 0.38%. The ongoing month took the price to $2.9 by 64.40%.

As reflected in the price chart, there was no noticeable movement marked in last month’s chart. However, within a few days until now, the month has already booked a substantial growth in the price. It was rumored that the last quarter would help the market recover and look like Chainlink is benefiting out of the same. As per our LINK forecast, we would suggest the traders opting for long-term investment as it would help them draw high dividends. Get more information on the Chainlink price forecast to know how the coin will perform on a long-term basis.

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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