Chainlink Price Prediction: Will this “LINK” lead Crypto to Surge above $10.00?

•  Chainlink price prediction suggests the token’s sideways momentum of LINK cryptocurrency inside the long term consolidation phase.
• LINK crypto is still below 20, 50, 100 and 200-days Daily Moving Average.
• The pair of LINK/BTC is at 0.0003559 BTC with an intraday gain of 0.43%.

Chainlink price prediction suggests the token has been consolidating inside the long term consolidation phase since May 2022. LINK cryptocurrency needs to surge towards the upper price range of the long term consolidation phase over the daily price chart. Meanwhile, LINK crypto needs to accumulate buyers in order to rise up for its breakout from the consolidation phase. However, volume can be observed below average and needs to grow for LINK to register its breakout.

Chainlink price is currently approximated at $5.99 and has lost 0.20% of its market capitalization in the last 24-hour period. Trading volume has increased by 25.51% during the intraday trading session. This demonstrates that buyers are trying to provide a kickstart to LINK crypto. Volume to market cap ratio is 0.06075.

Chainlink price prediction suggests the token’s consolidation phase over the daily price chart. Meanwhile, volume change can be seen below average and needs to grow for LINK to surge towards the upper price range of the long term consolidation phase. LINK crypto has been consolidating inside the price range of $5.72 and $9.55. 

Technical Indicators are Flat for Chainlink Price    

Chainlink price needs to accumulate buyers in order to register its breakout from the consolidation phase over the daily price chart. Technical indicators suggest the sideways momentum of LINK cryptocurrency.

Relative Strength Index showcases the consolidation phase of LINK crypto. RSI is at 38 and is flat below neutrality. MACD exhibits the sideways momentum of LINK crypto. The MACD line is trying to sustain at the current level to surge towards the upper price range of the consolidation phase. 

Summary   

Chainlink price prediction suggests the token has been consolidating inside the long term consolidation phase since May 2022. LINK cryptocurrency needs to surge towards the upper price range of the long term consolidation phase over the daily price chart. Meanwhile, volume change can be seen below average and needs to grow for LINK to surge towards the upper price range of the long term consolidation phase. Technical indicators suggest the sideways momentum of LINK cryptocurrency. The MACD line is trying to sustain at the current level to surge towards the upper price range of the consolidation phase. 

Technical Levels

Support Levels: $5.72 and $5.40

Resistance Levels: $7.10 and $8.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss. 

Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.