Chainlink price almost neutral after slight drop More partnerships and adoption remain positive for LINK prospects Chainlink expected to continue its upward momentum after slight pullback The Chainlink price is currently experiencing a slight pullback after reaching a bi-monthly high of $28 just a few days ago. The recent retracement in the crypto market over the past 24 hours has also affected LINK with the price dropping by around 9% to the $26.50 level. However, this negative movement for the Chainlink price only seems to be a temporary blurb and the ascending channel should remain intact. Small retracements are always regular occurrences during a bull run and this one is no exception for LINK. If you wish to buy some Chainlink then you should take a look at this How To Buy Cryptocurrency Beginner’s Guide. Short Term Prediction for Chainlink Price: Minor pullbacks expected but generally positive Get FREE Crypto Signals Now! Although the Chainlink price has retreated from its bi-monthly high of$28 to the $26.50 level, the short-term prospects remain bullish. LINK is up by more than 100% from its July 20 low of 13.59 making it one of the best performing cryptos over the past month. This ascending trend is expected to continue. With a bullish thesis in play, the Chainlink price should regain the $28 level where it would then ascend and encounter considerable resistance at the $0.30 level. If this is overcome, then LINK should begin tackling the $0.35 mark where the next level of resistance should be encountered. This would represent a gain of around 25% from the current price and would perhaps be a bridge too far at this stage. If a bearish thesis were to play out, the Chainlink price would cede the $26 level and drop by around 10% to the $23 mark where it should find support. However, if a strong sell off were to occur, the price could also test the psychological support around the $20 level. If you’re interested in trading cryptocurrency then should have a look at these Top Cryptocurrency Brokers. Long Term Price Prediction For LINK: Positive Momentum Still In The Frame Although the Chainlink price has experienced a minor pullback over the past 24 hours, the long-term prospects of the coin remain excellent. Some predictions have LINK reaching the $50 level by the end of the year although that level seems to be overtly optimistic. With several recent announcements on adoption of the Chainlink technology by several partners, the project looks to have a bright future. While short term investors may be looking to offload their holdings to make short term gains, the prospects for the Chainlink price over a long term basis remain bullish. Looking to buy or trade Chainlink now? Invest at eToro! Buy LINK Now Capital at risk Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Crypto News share Read Next EUR/USD Edges Higher ahead of US FOMC Meeting Minutes Ali B. 1 year Chainlink price almost neutral after slight drop More partnerships and adoption remain positive for LINK prospects Chainlink expected to continue its upward momentum after slight pullback The Chainlink price is currently experiencing a slight pullback after reaching a bi-monthly high of $28 just a few days ago. The recent retracement in the crypto market over the past 24 hours has also affected LINK with the price dropping by around 9% to the $26.50 level. However, this negative movement for the Chainlink price only seems to be a temporary blurb and the ascending channel should remain intact. Small retracements are always… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.