The Chainlink price analysis is bullish for today, as an increase in price up to $7.12 has been observed. The bulls have been successful in crafting a slight upwards trend line for the price function during the last few days, and the trend is the same for today as well. Although ...
The market capitalization for the coin is currently at $3,684,542,588, with a gain of 1.53 percent in the last 24 hours. The trading volume is currently at $236,713,701, with a strong surge of 24.88 percent in the last 24 hours.
Chainlink price analysis 1-day chart: Bulls successful in crafting a short-term upwards trend
The 1-day Chainlink price analysis shows an increase in price for today as well as the coin is trading at $7.12 at the time of writing, with a gain of 1.59 percent in the last 24 hours.
In the previous days, the bearish was trending with selling pressure dominating the market. However, the bulls have been successful in crafting a short-term upwards trend line and are currently attempting to break through the $7.25 resistance level.
The volatility is high, but now the Bollinger bands are showing a change in the market dynamics. The power Bollinger Band is now trending toward $8.33, while the lower Bollinger Band is still trending toward $6.65, which could be acting as a strong support for the coin. The Relative Strength Index is currently at 44.37, which indicates that the coin is in a bearish market but with an upcoming bullish swing. The moving average indicator is currently at $7.62, which is below the current price of LINK.
Chainlink price analysis 4-hour chart: Recent updates
The Relative Strength Index is currently at 41.83, which indicates that the coin is in a bearish market but with an upcoming bullish swing. The moving average indicator is currently at $7.09, which is below the current price of LINK. The Bollinger bands on the hourly chart are expanding, which indicates that volatility is still high. The upper Bollinger bands are currently trending toward $7.29, while the lower Bollinger bands are trending toward the $6.96 level.