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Crypto Analyst Is Convinced The Price Of LINK Will Soon Rise

LINK is currently trading at $6.64 after a 0.51% drop in price.A crypto analyst believes that the LINK price will soon rise.Bullish indicators support the analyst’s belief...
Crypto Analyst Is Convinced The Price Of LINK Will Soon Rise Crypto Analyst Is Convinced The Price Of LINK Will Soon Rise
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  • LINK is currently trading at $6.64 after a 0.51% drop in price.
  • A crypto analyst believes that the LINK price will soon rise.
  • Bullish indicators support the analyst’s belief that the LINK price could soon rise.

Most cryptocurrencies are once again in the green after the weekend, but the same can not be said for Chainlink (LINK). According to CoinMarketCap, LINK is currently trading at $6.64 after a 0.51% drop in price over the last day. The crypto reached a high of $6.93 and a low of $6.62 over the same time period. Link is, however, still in the green by more than 8% over the last seven weeks.

The altcoin also weakened against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 0.96% and 1.47% respectively. Also in the red zone is LINK’s 24-hour trading volume which currently stands at $429,346,049 after a 0.55% decrease since yesterday.

With its market cap of $3,368,056,986, LINK is currently ranked as the 21st biggest crypto. This places the crypto right behind Cosmos (ATOM) in the 20th position and in front of UNUS SED LEO (LEO) which is ranked 22nd.

Chainlink / Tether US 1D (Source: TradingView)

A crypto analyst who goes by the name of Captain Faibik took to Twitter earlier this morning to share his own thoughts on the price of LINK. According to the post, the analyst believes that the price of LINK will soon “join the party” with an increase in its price.

Chainlink / Tether US 1D (Source: TradingView)

This could, in fact, be the case as LINK’s daily chart indicates that the crypto’s 9-EMA (Exponential Moving Average) line crossed above the 20-EMA line on January 10, and is still maintaining this bullish position.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Crypto Analyst Is Convinced The Price Of LINK Will Soon Rise appeared first on Coin Edition.

See original on CoinEdition

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02-02-2023 17:34:27 (UTC+7)

EUR/USD

1.0984

-0.0005 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.0984

-0.0005 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

GBP/USD

1.2323

-0.0053 (-0.42%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

USD/JPY

128.93

-0.01 (-0.00%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.7125

-0.0010 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

USD/CAD

1.3289

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

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Buy (9)

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EUR/JPY

141.60

-0.07 (-0.05%)

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Buy (3)

Sell (9)

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Buy (0)

Sell (7)

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0.9992

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Sell (8)

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Buy (2)

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Indicators:

Buy (1)

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24.383

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Buy (11)

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Buy (3)

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4.1570

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Sell (8)

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DAX

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+43.88 (+0.57%)

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21,958.36

-113.82 (-0.52%)

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Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

US Small Cap 2000

1,960.81

+28.87 (+1.49%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

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IBEX 35

9,227.64

+129.54 (+1.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (9)

Sell (0)

BASF SE NA O.N.

53.385

+0.645 (+1.22%)

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↑ Buy

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Buy (12)

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Bayer AG NA

56.88

+0.38 (+0.67%)

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Allianz SE VNA O.N.

222.20

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Neutral

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Adidas AG

154.23

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Deutsche Lufthansa AG

9.802

+0.123 (+1.27%)

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Siemens AG Class N

144.20

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Deutsche Bank AG

12.023

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Neutral

Moving Avg:

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Buy (3)

Sell (4)

    EUR/USD 1.0984 ↑ Sell  
    GBP/USD 1.2323 ↑ Sell  
    USD/JPY 128.93 ↑ Buy  
    AUD/USD 0.7125 ↑ Sell  
    USD/CAD 1.3289 ↑ Buy  
    EUR/JPY 141.60 ↑ Sell  
    EUR/CHF 0.9992 Sell  
    Gold 1,970.60 ↑ Sell  
    Silver 24.383 ↑ Buy  
    Copper 4.1570 ↑ Buy  
    Crude Oil WTI 76.81 ↑ Buy  
    Brent Oil 83.12 ↑ Buy  
    Natural Gas 2.491 Buy  
    US Coffee C 178.28 ↑ Sell  
    Euro Stoxx 50 4,219.35 ↑ Buy  
    S&P 500 4,119.21 Neutral  
    DAX 15,416.05 ↑ Buy  
    FTSE 100 7,804.99 ↑ Buy  
    Hang Seng 21,958.36 ↑ Sell  
    Small Cap 2000 1,960.81 Neutral  
    IBEX 35 9,227.64 ↑ Buy  
    BASF 53.385 ↑ Buy  
    Bayer 56.88 ↑ Buy  
    Allianz 222.20 Neutral  
    Adidas 154.23 ↑ Buy  
    Lufthansa 9.802 ↑ Buy  
    Siemens AG 144.20 ↑ Buy  
    Deutsche Bank AG 12.023 Neutral  
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