Chainlink price up by almost 90% since July 20 low Crypto market still digesting the implications of new Infrastructure Bill Long term future for LINK continues to look bright The Chainlink price seems to be settling at the $24-$26 level before beginning its next big leg up. It has appreciated at a slower level than other cryptos over the past few days but is still considerably up from its previous lows established in July. Although it seems that the fallout from the Gary Gensler speech on crypto regulation has largely been shrugged off by the markets, there still is the passing of Infrastructure Bill to digest. It seems that investors still remain bullish on crypto and adoption could be the next step forward. The Chainlink project is no exception to this. There also seem to be bullish predictions for the Chainlink price now that the $25 mark has been superseded. It remains to be seen whether the market will remain in bullish mode, although that seems to be the case at least for the short term. If you haven’t yet bought some Chainlink then you should try this How To Buy Cryptocurrency Beginner’s Guide. Short Term Prediction For Chainlink Price: More Bullish Momentum expected Get FREE Crypto Signals Now! Currently trading at around the $25.50 mark, the Chianlink price has risen by about 11% since 8 August after suffering a retracement on that day. It has appreciated by at least 80% since its July 20 low of $13.90 making it one of the best recoveries since that crash. A bullish thesis for the Chainlink price would see it make a beeline for the $27 mark. This would mean a 100% appreciation from the July 20 low and a 20% rise from the Aug 8 level. LINK should then be tagging the $30 resistance level where it can expect considerable obstacles. If a bearish thesis were to come into play, then the Chainlink price would probably retreat to the $22 level where a sell off might ensue. If that occurs, then LINK could also drop to the $21 support level and further selling pressure may also bring that price level under scrutiny. However, with a considerable bullish presence, this bearish prediction does seem unlikely at present. If you’re interested in buying some crypto, then take a look at these Top Cryptocurrency Brokers. Long Term Prediction For LINK: A Slow But Steady Rise As already indicated, the crypto market still has to digest the implications of the Infrastructure Bill that has just been passed in the US Senate. The windfall crypto tax proposed to raise $28 billion is significant although this could also provide a boost to the markets long term. The Chainlink price is expected to continue moving forward at a slow and steady pace. Some analysts are looking at a price of $50 for the end of the year, a level which was reached in late April and early May. It does seem that the Chainlink project will continue gaining over a long-term period. 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. Forex News share Read Next Ripple Price Prediction: XRP Eyes $1.10, Legal Battle with SEC Continues Nancy Lubale 2 months Chainlink price up by almost 90% since July 20 low Crypto market still digesting the implications of new Infrastructure Bill Long term future for LINK continues to look bright The Chainlink price seems to be settling at the $24-$26 level before beginning its next big leg up. It has appreciated at a slower level than other cryptos over the past few days but is still considerably up from its previous lows established in July. Although it seems that the fallout from the Gary Gensler speech on crypto regulation has largely been shrugged off by the markets, there still is the… 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.
