Chainlink (LINK) Price Analysis: LINK Rallies Stall at $24 Resistance, up Trending Likely

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Key Highlights
Crypto’s price has reached the high of $23.68
The coin has been compelled to a sideways move

Chainlink (LINK) Current Statistics
The current price: $21.53
Market Capitalization: $21,347,234,938
Trading Volume: $4,181,742,578
Major supply zones: $18.00, $20.00, $22.00
Major demand zones: $8.00, $6.00, $4.00

Chainlink (LINK) Price Analysis January 23, 2021
Chainlink has been making a series of higher highs and higher lows. On January 17, the altcoin attains the high of $23.68 but was repelled. Nonetheless, the bulls have not been able to break the $24 resistance zone. Presently the coin is in a sideways move below the resistance zone. Each time, the resistance zone is tested; the market would fall either to $18 or $20 low. LINK will attain a high of $26 if the current resistance is breached. Otherwise, the sideways move will linger on.

LINK/USD – Daily Chart

Chainlink Technical Indicators Reading
Chainlink is at level 60 of the Relative Strength Index period 14. The coin is in the uptrend zone and above the centerline 50. The coin has room to rally on the upside. The uptrend will continue as long as the trend line remains unbroken.

LINK/USD – Daily CHart

Chainlink is making positive moves but faces rejection at the recent high. LINK will attain a new high if the current resistance is breached. On January 17 uptrend, a retraced candle body tested the 50% Fibonacci retracements level. The retracement indicates that LINK is likely to rise to level 2.0 Fibonacci extensions. That is the high of level $33.02.

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

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *