Chainlink continued to gain momentum in the channel. In the last seven days, LINK is up more than 15%. Against BTC, price and volume are in contrast, but LINK’s bullish trend remains valid on the 4-hours chart. LINK/USD: Chainlink Recovery Holds In a Five-Week Channel Key Resistance Levels: $3.8, $4, $4.5 Key Support Levels: $3.38, $3, $2.5 LINK/USD. Source: TradingViewChainlink saw a small 4% recovery overnight after witnessing a 3-day drop from $3.8 (on April 18) to $3.38 yesterday. This...
Read More »Crypto Price Analysis & Overview April 17th: Bitcoin, Ethereum, Ripple, Binance Coin, And Chainlink
Bitcoin Bitcoin saw a small 2.6% price increase from where it was trading seven days ago. However, it had dropped substantially throughout the week. The cryptocurrency fell beneath support at the rising trend line to find additional support at the $6,447 level (short term .618 Fib Retracement). From here, Bitcoin rebounded yesterday to climb back above the $7,000 level where it currently trades. Looking ahead, the first level of resistance lies at $7,200 (bearish .5 Fib Retracement). Above...
Read More »Chainlink Price Analysis: LINK Holds Above $3.3 But Bearish Sentiment Surfaces Against Bitcoin
While Chainlink holds support at $3.3, a break down could lead to a massive drop in price.Against Bitcoin, Link is beginning to flag a bearish trend after dropping off a 4-day wedge.LINK/USD: Chainlink Holding Support At $3.3Key Resistance Levels: $3.48, $3.6.2, $3.8Key Support Levels: $3.3, $3, $2.8LINK/USD. Source: TradingViewThe price of Chainlink saw a massive 60% increase over the past two weeks of trading, making it the top gainer amongst the major altcoins so far this month. This...
Read More »Chainlink Price Analysis: LINK Marches Towards $3 And Recovers Against Bitcoin
LINK surged by a total of 10% over the past 2-days as it reaches $2.80.It has now reached resistance at the 100-days EMA as it sets its sights to head above $3.00.Against Bitcoin, LINK has also surged as it climbs from 0.00033 BTC to reach 0.00038 BTC.Key Support & Resistance LevelsLINK/USD:Support: $2.75, $2.60, $2.40.Resistance: $2.80, $3.00, $3.17.LINK/BTC:Support: 0.00036 BTC, 0.000345 BTC, 0.00033 BTC.Resistance: 0.000385 BTC, 0.0004 BTC, 0.00042 BTCLINK/USD: Chainlink surges Into...
Read More »Chainlink Price Analysis: LINK Is Struggling At $2.26, But Showing Strength Against Bitcoin
While Chainlink remains indecisive in a rising triangle, buyers continue to show commitment on the short-term.If LINK can break above the 38200 SAT level, the bulls might regain control of the market momentum.Chainlink is still facing strong support across its trading pairs.LINK/USD: Chainlink Looking For BreakoutKey Resistance Levels: $2.4, $2.75, $4Key Support Levels: $2, $1.52, $1.35LINK/USD. Source: TradingViewThis week, Bitcoin and altcoins have seen a small bounce from their immediate...
Read More »Crypto Price Analysis & Overview March 20th: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Chainlink
BitcoinBitcoin witnessed a 22% price increase over the past seven days as it bounced from the $5,000 level and climbed back above $6,000 to reach the current price of $6,500. It had found strong support at $4,800 during the March market crash and traded sideways between here and $6,000 for the past week until breaking above in yesterday’s session.From above, the first level of resistance lies at $6,800. Above this, resistance lies at $7,000, $7,200 (bearish .5 Fib Retracement), and $7,500....
Read More »Chainlink Price Analysis: Can Bulls Defend January Support Or Will LINK Hit $1.50 Next?
LINK has found strong support at the January opening price of $1.72.The cryptocurrency has dropped by a steep 64% from the March high of $5.02.It is finding support at 0.000345 BTC against Bitcoin as the buyers try to defend the area.Key Support & Resistance LevelsLINK/USD:Support: $1.72, $1.60, $1.50.Resistance: $2.00, $2.20, $2.40.LINK/BTC:Support:0.000346 BTC, 0.000332 BTC, 0.00032 BTC.Resistance: 0.000367 BTC, 0.00038 BTC, 0.00038 BTC..LINK/USD: Creates Fresh 5-month Low After Market...
Read More »Chainlink For $0.01? LINK Flash-Crashed By 99% On Binance Exchange
Until a few hours ago, Chainlink, the decentralized-oracle, had a market cap of over $1 billion as the 11th biggest cryptocurrency by market cap. Today the LINK token is among the worst-performing digital assets, following a massive price slump. Its situation got even worse on Binance, where it flash-crashed to a low of $0.01 (!) before quickly recovering.Chainlink (LINK) For $0.01The cryptocurrency market is going through one of its worst trading days in history. Most coins are noting...
Read More »Crypto Price Analysis & Overview March 6: Bitcoin, Ethereum, Ripple, Tezos, and Chainlink.
Bitcoin (BTC)Bitcoin price managed to increase by a total of 5.58% over the past 7-days of trading after rebounding from the support at $8,550 provided by the downside 1.618 Fibonacci Extension level. After bouncing, the cryptocurrency managed to travel higher as it broke the $9,000 level in yesterday’s session to reach $9,150 today.From above, the first level of resistance lies at $9,200 (bearish .382 Fib Retracement). This is followed by resistance at $9,400, $9,450 (bearish .5 Fib...
Read More »Chainlink Price Analysis: Despite Decent 15% Daily Surge, LINK Fails To Maintain The $5 Mark: Pull-Back Upcoming?
Following recent price volatility, Chainlink (LINK) facing tough resistance around $4.9.While Bitcoin remains steady, the price of Chainlink has continued to surge over the past days.The bullish sentiment may end soon if Link doesn’t break above $5LINK-USD: Trapped In a Key Resistance AreaKey Resistance Levels: $4.9 – $5, $5.5Key Support Levels: $4.4, $3.8Two days ago, we mentioned the possible bullish momentum after spotting a head-and-shoulders pattern that was formed on the 4-hours chart....
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