Chainlink (LINK) Price Analysis: LINK Makes Positive Moves but Faces an Uphill Task at $24 High
Login

Chainlink (LINK) Price Analysis: LINK Makes Positive Moves but Faces an Uphill Task at $24 High

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Highlights
LINk faces rejection at $26 high
The crypto has a target price of $30.56

Chainlink (LINK) Current Statistics
The current price: $22.55
Market Capitalization: $22,588,192,832
Trading Volume: $3,485,144,033
Major supply zones: $18.00, $20.00, $22.00
Major demand zones: $8.00, $6.00, $4.00

Chainlink (LINK) Price Analysis January 30, 2021
LINK price has continued to make a series of higher highs and higher lows. On January 25, the crypto made higher highs and higher lows but have failed to continue with the uptrend. The coin was resisted at the $24 high. On the upside, if the bulls break the $24 resistance, the uptrend will continue. Conversely, if the current resistance remains unbroken, a sideways trend will follow.

LINK/USD – Daily Chart

Chainlink Technical Indicators Reading
The crypto’s price is in a sideways move and if it breaks the trend line, there will be a change in the trend. LINK is below 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum. The price bars are above the SMAs which indicates a possible upward move of the coin.

LINK/USD – Daily Chart

Conclusion
Chainlink has a prospect of a further upward move. According to the Fibonacci tool, LINK will make a further upward move. On January 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracements level. The retracement indicates that LINK is likely to rise to level 1.618 Fibonacci extensions. That is the high of level $30.56.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News