Home Chainlink Price Analysis: LINK/USD shoots above $15-mark
Crypto News

Chainlink Price Analysis: LINK/USD shoots above $15-mark

FX Street
Updated:
  • LINK/USD has crossed above the 20-day Bollinger Band.
  • The RSI is trending around 84.375 in the RSI indicator.

LINK/USD daily chart

LINK/USD daily chart

LINK/USD bulls came roaring back following two straight bearish days. The price has jumped up from $13 to $15.45. The MACD shows increasing bullish market momentum. The price has four healthy support levels at $13.81, $13, $9.70 (SMA 20) and $7.60 (SMA 50). 

The price is hovering above the 20-day Bollinger Band and the relative strength index (RSI) is trending around 84.375. Both these indicators show that the asset is presently overvalued, and may face bearish correction soon.
 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024