- Chainlink performed a positive momentum on Thursday’s trading session
- Chainlink price is $24.82, which is up by 3.63% in the last 24-hour time-frame and 7.48% up from the previous week
- LINK/BTC pair is negative with a loss of 2.01% in Thursday’s trading session (0.00065396)
Chainlink had positive momentum on the weekly chart, and it went up to $25.97 on February 04, 2021, while breaking above the resistance zones created in the past. LINK price set a mark of an all-time high 7-hours ago. Meanwhile, the trading volume of $3,403,660,994 in the last 24-hour time-frame represents an increase in the value of 33.19%. The LINK/ETH pair is in a downtrend with a value of (0.014818) which is down by 1.52% in Thursday’s trading session.
Chainlink Technical Chart Indicates a Neutral Momentum
The technical chart of Chainlink highlights a positive trend. In contrast, Chainlink price is at $24.82. According to pivot points, the critical support level for LINK is placed at $20.80. Whereas if it moves up, the key resistance levels to watch are $25.05 and $26.33. While diving into the weekly chart of 15-minute time-frame, it completes an evening star candlestick pattern, indicating the bears have overwhelmed the bulls and are now in control.
Volume indicator with the value (162.726K) reflects a moderate selling volume in coin. Investors can further expect an increase in buying volume in the upcoming trading sessions.
SMA-200, price is at $22.68, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (Neutral), no bullish or bearish crossover signal line spotted on February 04, 2021, indicated a neutral signal in the coin during the trading session. Also, it denotes the ending of green bars on Histogram.
Meanwhile, the RSI indicator (Bullish) with a value of 57.36 indicates a buy signal in the coin. One can observe a decrease in value in upcoming trading sessions.
Chainlink coin price is up by 3.63% on Thursday’s trading session. The price is above the SMA of $22.68. Investors can expect the price testing the resistance level of $25.05. All technical indicators suggest a neutral signal in the coin.
Resistance: $25.05, $26.33
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