Chainlink Price Up By 25% Over past 7 days Bulls are back in town For LINK New projects and partnerships continue to boost use case for Chainlink The Chainlink price is on a roll of late with a 25% gain over the past 7 days and shows no sign of stopping. It seems that the speech by new SEC Chair Gary Gensler has had the opposite effect on LINK investors who are piling up in droves. LINK is actually up by over 80% since the July 20 low of $13.80 which makes it one of the best performing cryptos over the past two weeks. LINK has been ascending slowly but surely ever since that July 20 low and looks to be gaining further momentum to regain the $30 level. Although there are some pitfalls on the way, not less the resistance level of $27 which represents a 100% gain from the July 20 low. Another resistance level is the $30 mark from where further price runs could springboard. If you haven’t yet bought some Chainlink, then take a look at this How To Buy Cryptocurrency Beginner’s Guide. Short Term Prediction For Chainlink Price: Still Following Bitcoin? Get FREE Crypto Signals Now! Although the Chainlink price seems to be following Bitcoin, it has continued ascending over the past couple of days. In fact, LINK has continually risen since the July 20 low and has only had very small days where the price retraced. A bullish thesis seems to be playing out so the next target would be the $25 level where some resistance may be encountered. If that is overcome however, there should be a considerable push towards the $30 mark where a beeline forward should then be made. A bearish thesis would of course invalidate all this prediction. If this would pan out, then the Chainlink price would fall below the $22 level and also test the $0.20 support level. However, this scenario is highly unlikely due to the positive sentiment in the crypto market. If you haven’t started trading in crypto then you should review these Best Cryptocurrency Brokers. Long Term Prediction For LINK: More Positive Momentum Expected At present the Chainlink price appears to be moving towards a recovery period with a bullish run extending over 14 days. LINK has appreciated by over 80% since its July 20 low and there seems to be more bullish momentum in the market. Obviously, there are always some pitfalls to be encountered. The Gary Gensler speech does not seem to have had any particular effect on the market, at least in the short term but the spectre of more regulation and clamping down has yet to be priced in. Still, several commentators and analysts have indicated that on a long-term level, more regulation is good for the crypto market. This is due to the fact that institutional investors will view the product kindlier, and with some brilliant use cases out there (such as LINK), the outlook can only be rosy. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Crypto News share Read Next RBA Meeting Preview: Pandemic and GDP Outlook to Weigh Saqib Iqbal 3 months Chainlink Price Up By 25% Over past 7 days Bulls are back in town For LINK New projects and partnerships continue to boost use case for Chainlink The Chainlink price is on a roll of late with a 25% gain over the past 7 days and shows no sign of stopping. It seems that the speech by new SEC Chair Gary Gensler has had the opposite effect on LINK investors who are piling up in droves. LINK is actually up by over 80% since the July 20 low of $13.80 which makes it one of the best performing cryptos over… Top 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.
