Home ChainLink Price Analysis: LINK/USD bulls take up control, price remains in overbought zone
Crypto News

ChainLink Price Analysis: LINK/USD bulls take up control, price remains in overbought zone

LINK/USD daily chart

LINK/USD daily charts

LINK/USD bulls regained control of the market following a bearish Wednesday. The price has gone up from $9.54 to $9.84. The price is hovering above the 20-day Bollinger Band, showing that it is currently overvalued. The MACD shows increasing bullish momentum. Healthy support lies at $8.67, $8.07 (SMA 20) and $7.64. The increasing width of the 20-day Bollinger jaw shows increasing price volatility.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.