Chainlink

Time

The post <a href="https://coinpedia.org/price-analysis/chainlink-price-hints-a-massive-surge-is-it-the-right-time-to-invest-in-link-price/" rel="noopener noreferrer nofollow">Chainlink Price Hints A Massive Surge! Is It The Right Time To Invest In LINK Price?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The LINK price had recorded a new high of over $16 during this month, indicating a strong bullish sentiment over the market, but the price has been trading under a bearish influence since, indicating a possibility of the coin experiencing a significant correction in its value before the year-end.
Following the market pump, <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" rel="noopener noreferrer nofollow">Chainlink price</a> constantly traded in a closed range between $10.630 and $11.749 for a period. As the market regained power in November, the price broke out of the range and regained momentum.
The LINK token experienced a short pullback, after which the price displayed a massive jump of approximately 30%. The price then faced rejection at $15 and traded sideways for a while, following which the bulls regained momentum and recorded a new yearly high of $16.611 before being rejected again.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/aUORrgMYZC_amhtyaWQDY7nZLc7m4Y6rK3YlMNFXGIzpjTuEO6E1r4tXPQQvCDi0kF-C0VhdjuCQa-eB4H9lmZSs6psF7tiSA-M4wfluvi8Vq8sjHHmOtAlisufQ_o5ul2972ykaCJCOX3P6PlQb3iNpVRX1usNPAGn9uUn_pM-9qhGuBP_jUGKuEHmSXA" alt="Chainlink Price Analysis " style="width: 100%;height:auto">
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 TradingView: LINK/USDT
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The LINK coin then recorded a correction of 17% and tested its important support level of $13.893. The market bulls managed to hold the price at that level, resulting in the price gaining momentum, but the rally was short-lived as the price faced a strong rejection at $15.411.
Since then, it has been trading in a parallel range of $12.929 and $15.411. Positively, the price has been recording higher lows, indicating a possibility of strong price action in the coming days.
The RSI indicator was constantly trading above the mid-point but recently displayed a sharp decline in value, indicating increased selling pressure in the market. Further, the averages show a head toward the lower limit, suggesting a price correction soon.
<h2 class="wp-block-heading" id="h-will-the-link-price-robound">Will The LINK Price Robound?</h2>
If the bulls hold the price above the support level of $13.893, the LINK price will regain momentum and prepare to test its resistance level of $15.411 soon. Further, if the bulls continue to hold power, it will prepare to test its upper resistance level of $16.611 in the coming week.
Conversely, if a trend reversal occurs, the price will lose momentum, break down its important support level, and prepare to test its support level at $12.929 soon.
Moreover, if the bears continue to dominate the market, the LINK price will continue to drop and test its lower support level of $11.749 in the coming time.

Chainlink Price Hints A Massive Surge! Is It The Right Time To Invest In LINK Price?

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