ChainLink (LINK) Price Analysis Aug Week 4 to Sept Week 2

• ChainLink is currently trading at $7.9, remaining under the $9.5 resistance level.
• If ChainLink breaks the $9.5 resistance, it could potentially expand from $10-$12.
• ChainLink has surged its trading price by +78% in the past 40 days.

ChainLink, a significant player in the crypto market, is currently trading at $7.9. It’s hovering below the $9.5 resistance level, a barrier that, if broken, could propel ChainLink to new heights. The potential for expansion is tangible, with predictions placing ChainLink’s value anywhere from $10 to $12 should it overcome this resistance.

Source: TradingView

Over the past 40 days, ChainLink has demonstrated impressive growth, surging its trading price by a whopping +78%. If ChainLink can replicate this boost, we could see it reach a high price ranging from $14 to $16 in the next 40 days. However, this forecast is not set in stone. It hinges on the behavior of the market and the actions of its investors.

Meanwhile, the Relative Strength Index (RSI) of ChainLink remains within the safe 70-30 range. This indicates that traders can continue to trade with confidence, without the looming fear of significant price reversals. However, should the RSI approach the 70 or 30 levels, traders are advised to exercise due diligence to avoid substantial losses.

Looking ahead, the future of ChainLink in the crypto space appears promising. Its recent performance and potential for growth paint a positive picture. As the crypto market continues to evolve, ChainLink is poised to solidify its position and continue its upward trajectory.

Read also

• Cardano’s Vasil To Finally Commence on Sept 22
• StarkWare Joins Chainlink To Bolster StarkNet Testnet
• Chainlink Oracle Services Build Advanced Smart Contracts
• Chainlink Set to Skyrocket as Bitcoin Approaches $29K Value Area
• Associated Press Partners With Chainlink for Blockchain Data, NFT