Price Analysis

Chainlink Price Takes a Steep Jump of 6% Today

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Chainlink (LINK) started the day with a deep dig yesterday. The traders of LINK are quite disappointed. Well, the time improved and the price is moving upwards.

The day opened with the downtrend and the coin felt a pullback in the price. Chainlink couldn’t hold itself and slipped tremendously. If we look at yesterday’s statistics, LINK touched a high at $1.71 and a low at $1.53. The coin has started the recovery. To understand the momentum more precisely, let’s have a look at the price chart.

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LINK/USD Price Chart by TradingView

Chainlink price chart
Chainlink Price Chart by TradingView

Chainlink Price Analysis & Predictions

Yesterday, Chainlink started with a moderate movement. Later, the price slipped from $1.7092 to $1.6558 by 2.70%. Further, LINK price dropped again and touched $1.5161 from $1.6379 by 7.44%. Towards the closing hours, Chainlink price moved up again. The price counters changed from $1.5161 to $1.5818 by 4.28%. With an intraday loss of 7.56%, the currency closed at $1.58. Today, Chainlink started the day with a fall. The price dropped from $1.5818 to $1.5354 by 2.88%. However, Chainlink has taken a tremendous turn and booked an inclination of 6.62%. LINK price is currently dealing at $1.6370.

LINK has a high prospect in the future. The ROI (return on investment) of LINK stands at 930.12%. The 24-hour volume of the coin is noted as $105,632,616. The market cap is marked as $564,227,238. The data is suggesting that the investment in Chainlink wouldn’t be futile.

Chainlink is speculated to trade up to its 30-Day highest $2.5 by the end of the year. We would recommend the investors to pick short-term investment to draw a considerable amount.

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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