CHAINLINK IS THE KING🔍 CRYPTO:LINKUSD Technical Analysis – Long-Term Outlook
1. Price Channels
LINK is moving within a long-term ascending channel (yellow lines).
Support: Lower trendline.
Resistance: Upper trendline, rejected at point I.
A secondary mid-channel (red) shows consolidation phases.
2. Elliott Wave
Key stats
About Chainlink
Based on the Ethereum network, Chainlink acts as an intermediary between non-blockchain businesses and blockchain platforms, which allows smart contracts to connect with real-world external data. Its LINK token is how network operators are paid and is also used as collateral in the network’s smart contracts. It’s also an open-source project, which means that anyone can contribute and suggest improvements to the network.
Will LINK Price Rise 2x Before 2024 End?
Examining the weekly chart, it's evident that LINK's price was previously deflected from a major zone that once acted as support but has now turned into a supply zone, pushing the price downwards.
However, on the daily chart this month, LINK's price has shown growth, breaking through the 20-day a
Analysts Anticipate 20% Hike In Chainlink Price Above This Zone Analysts Anticipate 20% Hike In Chainlink Price Above This Zone
Chainlink price DAA divergence indicator highlights the fading strength of bears.
The RSI and 14 day SMA line showcases a bullish crossover indicating a trend shift on the higher side.
While the broader cryptocurrency market prepares
What Daily Chart Of LINK has Developed?
The area around $13 to $13.147 is proving to be a significant resistance zone, for the daily TF movement. It is likely to act as a barrier to any short-term rallies and could create a struggle in Chhainlink. But surpassing this struggle would lead to the next resistance at $16.384.
On the contrar
What Lies Ahead In LINK's Daily Chart?
The Chainlink (LINK) overall trend is a bearish trend, as the prices are below the 50-day and 200-day EMA bands. There is mixed logic that has created uncertainty for its future price movement.
However, the price is above the demand zone and shows a bullish presence on it. Likewise, the MACD has f
LINK Forecast And Indicators Resolve
The major indicators signifying bearishness, as EMA bands showed price traded below the death cross, and MACD showed a bearish cross. However, the RSI showed a resurgence from oversold territory, where it flashed at 31.04.
Therefore, the resistance is at $15 and $17, which is followed by the suppor
The MACd shows a bullish crossThe Chainlink (LINK) price has displayed a bull's presence this week as it followed an upward trendline and surged 9.18% on the basis of its price performance.
Additionally, on an intraday basis, the LINK has advanced 1.03%, where the price traded at $14.397 (at press time).
As per CoinMarketCap,
if the demand for the remains high,The LINK price showed that it rose from September 2023 from the level of $5.8, and after taking a halt somewhere at $13 for nearly three months, the rally made a top of $22.85 by March 11th, 2024.
The price ended up violating the uptrend thereon by making new lower lows and highs on the daily chart
Link/Chainlink USDT Trade Idea - Link followed my second path where it trapped a lot of late buyers evaporated BSL and came back to the point of origin and shooter up again
- If you are interested in buying Link then I would highly recommend you guys to wait because the RR as per the current price doesn't look good
- 12-14$ can
A clear break above $22.0 may possibly open gate for new highsBesides, there was a breach above a key bearish trend line on the daily chart of the LINK. Chainlink has traded around $16.80 level (at press time), with an intraday surge of 1.14% and traded above the 50-day, and 200-day EMA's.
primary resistance happens to be near the $18.20 level, and the next m
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Chainlink (LINK) is 14.460 USD — it has risen 2.21% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing LINK price chart.
The current market capitalization of Chainlink (LINK) is 9.50 B USD. To see this number in a context check out our list of crypto coins ranked by their market caps or see crypto market cap charts.
Chainlink (LINK) trading volume in 24 hours is 275.13 M USD. See how often other coins are traded in this list.
Chainlink price has fallen by −0.25% over the last week, its month performance shows a −12.37% decrease, and as for the last year, Chainlink has decreased by −11.67%. See more dynamics on LINK price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Chainlink (LINK) reached its highest price on May 10, 2021 — it amounted to 53.020 USD. Find more insights on the LINK price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Chainlink (LINK) reached the lowest price of 0.126 USD on Sep 23, 2017. View more Chainlink dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The number of LINK addresses is 3.47 M and the count of active addresses is 3.06 K.
The average balance in USD is 18.38 K.
The current circulating supply of Chainlink (LINK) is 1.00 B USD. To get a wider picture you can check out our list of coins with the highest circulating supply, as well as the ones with the lowest number of tokens in circulation.
You can judge how popular Chainlink (LINK) is and how actively traders buy and sell it by its number of transactions - it's now reached 4.18 K, which is 82.70 M USD.
Average LINK transaction in USD is 19.77 K. You can find even more Chainlink stats in our Crypto Coins Screener.
The safest choice when buying LINK is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade LINK right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Chainlink (LINK): today its technical analysis shows the sell signal, and according to the 1 week rating LINK shows the sell signal. And you'd better dig deeper and study 1 month rating too — it's neutral. Find inspiration in Chainlink trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Chainlink (LINK) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Chainlink is estimated as 2.09% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Chainlink, you can find more inspiration in our curated watchlists.
You can discuss Chainlink (LINK) with other users in our public chats, Minds or in the comments to Ideas.