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- Chainlink price prediction showcases the upside trend of the LINK crypto towards the upper price range.
- LINK crypto has surged above 20, 50, 100 and 200-days Daily Moving Average.
- The pair of LINK/BTC was at 0.0003337 BTC with an intraday gain of 7.26%.
Chainlink price prediction suggest the uptrend momentum of LINK crypto inside the consolidation phase over the daily time frame chart. LINK crypto has been consolidating inside the horizontal price range-bound area over the daily time frame chart. Chainlink price has been fluctuating inside the price range of $5.70 and $9.55. Chainlink needs to attract more buyers during the intraday trading session to maintain the upside trend. Analysts suggest that LINK crypto price might surge towards the upper price range and might recover till $10 resistance level.
Chainlink price was at $8.16 and has gained 5.73% of its market capitalization during the day’s trading session. Trading volume has increased by 19.35% during the intraday trading session. This demonstrates that buyers are trying to push LINK crypto towards the upper price range of the consolidation phase. Volume to market cap ratio was at 0.1329.
Chainlink price prediction showcases the consolidation phase of LINKc crypto inside the consolidation phase since May 2022. LINK crypto needs to keep up the current pace to surge towards the upper price range of the consolidation phase. However, trading volume is still below average and needs to grow during the day’s trading session. Meanwhile, LINK crypto has surged above 20, 50, 100 and 200-days Daily Moving Average.
Chainlink price has gained 9.69% during last week and 13.92% during last month. Meanwhile, the quarterly report of LINK cryptocurrency is positive with a growth of around 17.10%. Moreover, LINK crypto price has recovered 43.47% Year to Date.
Will Chainlink Price Break This Consolidation?
Chainlink price prediction suggests the upside trend of LINK crypto inside the horizontal range-bound area over the daily time frame chart. Technical indicators suggest the upside trend of LINK crypto.
Relative strength index showcases the uptrend momentum of LINK price. RSI was at 64 and is soaring towards the overbought territory. MACD exhibits the uptrend velocity of Chainlink price. The MACD line is above the signal line after a positive crossover. Investors in Chainlink cryptocurrency need to observe if LINK crypto price sustains at the upper price range and register its breakout.
Summary
Chainlink price prediction suggest the uptrend momentum of LINK crypto inside the consolidation phase over the daily time frame chart. LINK crypto needs to keep up the current pace to surge towards the upper price range of the consolidation phase. Technical indicators suggest the upside trend of LINK crypto. Relative strength index showcases the uptrend momentum of LINK price. Investors in Chainlink cryptocurrency need to observe if LINK crypto price sustains at the upper price range and register its breakout.
Technical Levels
Support Levels: $7.50 and $7.25
Resistance Levels: $8.50 and $10.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
