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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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07-06-2023 05:11:20 (UTC+7)

EUR/USD

1.0695

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

EUR/USD

1.0695

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

GBP/USD

1.2425

+0.0001 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

USD/JPY

139.59

-0.05 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

AUD/USD

0.6672

+0.0001 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (8)

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USD/CAD

1.3402

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

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Buy (6)

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EUR/JPY

149.28

-0.04 (-0.03%)

Summary

↑ Sell

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Sell (12)

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EUR/CHF

0.9706

0.0000 (0.00%)

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Sell (10)

Gold Futures

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23.668

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3.7658

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71.56

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Natural Gas Futures

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Euro Stoxx 50

4,295.22

+1.98 (+0.05%)

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Sell

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S&P 500

4,283.85

+10.06 (+0.24%)

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Buy

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DAX

15,992.44

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FTSE 100

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+28.11 (+0.37%)

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Hang Seng

19,099.28

-9.22 (-0.05%)

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Moving Avg:

Buy (10)

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US Small Cap 2000

1,856.34

+49.63 (+2.75%)

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9,310.80

+21.70 (+0.23%)

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Moving Avg:

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46.760

+0.225 (+0.48%)

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↑ Sell

Moving Avg:

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Bayer AG NA

52.28

+0.16 (+0.31%)

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Allianz SE VNA O.N.

210.50

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Sell

Moving Avg:

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Adidas AG

159.68

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Neutral

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Deutsche Lufthansa AG

9.141

+0.030 (+0.33%)

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158.36

-0.16 (-0.10%)

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9.784

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Neutral

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    EUR/USD 1.0695 ↑ Buy  
    GBP/USD 1.2425 ↑ Buy  
    USD/JPY 139.59 ↑ Sell  
    AUD/USD 0.6672 ↑ Buy  
    USD/CAD 1.3402 ↑ Buy  
    EUR/JPY 149.28 ↑ Sell  
    EUR/CHF 0.9706 ↑ Sell  
    Gold 1,979.20 ↑ Sell  
    Silver 23.668 ↑ Sell  
    Copper 3.7658 Sell  
    Crude Oil WTI 71.56 ↑ Buy  
    Brent Oil 76.12 Sell  
    Natural Gas 2.266 ↑ Buy  
    US Coffee C 184.08 ↑ Buy  
    Euro Stoxx 50 4,295.22 Sell  
    S&P 500 4,283.85 Buy  
    DAX 15,992.44 ↑ Sell  
    FTSE 100 7,628.10 ↑ Sell  
    Hang Seng 19,099.28 ↑ Buy  
    Small Cap 2000 1,856.34 ↑ Buy  
    IBEX 35 9,310.80 ↑ Buy  
    BASF 46.760 ↑ Sell  
    Bayer 52.28 ↑ Buy  
    Allianz 210.50 Sell  
    Adidas 159.68 Neutral  
    Lufthansa 9.141 ↑ Buy  
    Siemens AG 158.36 Neutral  
    Deutsche Bank AG 9.784 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank6,640/ 6,680
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SJC Nhatrang6,640/ 6,702
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