Over the last 24 hours, Chainlink has decreased by 1.74%. It currently has a price of $7.35 USD, a 24-hour trading volume of $185,290,531 USD, and a live market cap of $4,093,255,143 USD.
This places it at #19 on CoinMarketCap’s ranking. There are currently 556,849,970 LINK coins in circulation, with a maximum supply of 1,000,000,000.
Chainlink’s LINK price is currently trending upwards, surpassing the $7.25 resistance level. The gains are currently consolidating, and there is potential for further increase above the $7.50 mark.
- In the LINK/USD pair’s 4-hour chart from Kraken, a significant bullish trend line is being formed with the support of around $7.25.
- The price is exhibiting optimistic signals above $7.25 and is higher than the $7.30 level and the 100 simple moving average (4 hours).
- Unless the $6.95 support is breached, the price is likely to continue its upward trajectory.
The crypto market cap has declined over 1% in the last 24 hours, transmitting losses across the market. Top coins like Bitcoin and Ethereum have taken the hit, losing 3% and 4% of their past week’s gains, respectively. However, Chainlink (LINK) resisted the prevailing… #LINK pic.twitter.com/irdgtt2qlM
— Juan Manuel Chávez ₿ Ξ #Bitcoin 🇲🇽 (@JuanChavMaci) September 25, 2023
The price of Chainlink (LINK) continues to rise due to bullish momentum.
It has been previously discussed that there could be potential gains beyond the $7.00 threshold with respect to the US Dollar. As it turns out, the price remained steady and increased even further beyond $7.25.
Chainlink gains bullish momentum: does #LINK have a chance of breaking through to $10
The price of Chainlink (LINK) has risen 17% over the past week and is nearing the $7 mark. The uptrend seems to correlate with the surge of interest in the Real World Assets (RWA) segment. 1/🧵 pic.twitter.com/6NKaxtA26L
— dead.crypto 9.9 😤 (@crypto_dead0) September 23, 2023
The price eventually exceeded the $7.50 level, reaching a high of $7.56 and outperforming both Bitcoin and Ethereum. However, there was a slight dip in price under $7.40 recently, and it was tested against the 23.6% Fib retracement level of the upward movement from the $6.60 low to the $7.56 high.
Currently, LINK is being traded above $6.50 and the 100 simple moving average (4 hours). On the 4-hour chart of the LINK/USD pair, a significant bullish trend line is being formed with support near $7.25.
If there is a recent surge in price, it may face obstacles around the $7.45 mark. The first significant obstacle is located near the $7.50 region. Furthermore, if there is a clear breakthrough above $7.50, it could potentially trigger a gradual rise towards the $8.00 and $8.20 levels.
Coupled with this, the subsequent significant obstacle is situated around the $8.50 level, surpassing which the price may attempt to reach $8.80.
An investigation into the extent of dipping: the line between a proper and improper dip.
If the price of Chainlink encounters resistance at the $7.50 level, it may experience a decline. The first level of support if it falls would be around $7.25, followed by a major support level at $6.95 or 61.8% Fib retracement level.
$100 Million charity donation from Saudi Arabia.
Trademarks from China for body bags, caskets, & voting machines.
Use of her personal email server, as Senior WH Advisor, while her father was stealing classified documents.
Who else wants an investigation into Ivanka Trump?🤚🤚 pic.twitter.com/h4By0d78qA
— Lara reads banned books in Florida 🟧 (@MadeInTheUSANJ) September 26, 2023
If the price goes below this level, it could test the $6.80 mark. If the price continues to decline, LINK may drop to $6.60 in the near future.
Related News
- LINK Forecast: Chainlink’s Bounce Pauses, Yet Hope Remains
- Chainlink Price Outlook: Overcoming $6.25 Barrier Key for New Surge
- Insights to Consider Before Expecting LINK’s Recovery