Chainlink has got enough recognition right after it has started integrating and having strategic partnerships with a number of platforms leading to the development and growth of the blockchain network. LINK, its native token has grown impressively over the past five months now, and it was just a week back when it had hit a fresh ATH at $19 but dipped before crossing $20.
With intraday pullbacks and correction, LINK/USD is now trading below $15. After having traded sideways, all this while LINK has gained enough traction and investors to the network as it surges to be among the top 10 cryptos of the market.
Chainlink Price Analysis
With the recent gain in momentum and strengthening of the trading price, Chainlink is now trading at $14.68 with slight support from 50-day and 10-day daily MA on the intraday chart. Over the past seven days, LINK/USD has marked a low and high at $12.8 and a brief candlewick touch at $20, respectively. However, Chainlink’s price kept plummeting continuously just at the onset of the ongoing week and is now below $15 with no support from 200-day daily MA. If you want to know more about the Chainlink price forecast, you can check our cryptocurrency news page to learn the latest news and price prediction of LINK.
But the intraday gain of traction above $16, after retesting supports around $12.8, has led to breaching the upper Bollinger Band on the intraday chart. The MACD also exhibits a recent bullish crossover right before the closing of yesterday’s trading session, and RSI of LINK holds no extremities due to no steep breakout at 53.44.