Cryptopolitan
2021-09-09 16:15:01

Chainlink Price Analysis: LINK starts to rally again, slowly targets $30 next?

TL;DR Breakdown Chainlink price analysis is bullish for today.LINK/USD rallied today.LINK targets the $30 resistance next. Chainlink price analysis is bullish today as the market gained bullish momentum over the last 24 hours after a strong decline earlier this week. Therefore, we expect LINK/USD to move higher later today and look to return above the $30 mark. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a bullish momentum over the last 24 hours. The market leader, Bitcoin, is up by 1.07 percent, while Ethereum has gained 0.77 percent. Solana (SOL) continues to be among the best performers, with a gain of almost 16 percent. Chainlink price movement in the last 24 hours: Chainlink rallies higher after some consolidation around $27 LINK/USD traded in a range of $26.53 – $29.17, indicating substantial volatility over the last 24 hours. Trading volume has decreased by 35.18 percent and totals $2.1 billion. Meanwhile, the total market cap trades around $13.1 billion, ranking the coin in 12th place overall. LINK/USD 4-hour chart: targets the $30 resistance next? On the 4-hour chart, Chainlink price action continues to approach the $30 resistance after some consolidation overnight. LINK/USD 4-hour chart. Source: TradingView Chainlink price action has seen massive volatility over the past week. After a rally from the $25 support to the $36 swing high during the first days of September, LIN...

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