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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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04-03-2024 20:58:32 (UTC+7)

EUR/USD

1.0849

+0.0012 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0849

+0.0012 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2677

+0.0027 (+0.21%)

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↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (8)

Sell (0)

USD/JPY

150.49

+0.38 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (8)

AUD/USD

0.6517

-0.0006 (-0.09%)

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Buy

Moving Avg:

Buy (6)

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Buy (8)

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USD/CAD

1.3567

+0.0010 (+0.07%)

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EUR/JPY

163.23

+0.62 (+0.38%)

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EUR/CHF

0.9595

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Silver Futures

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3.8712

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79.99

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83.65

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186.10

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Euro Stoxx 50

4,911.25

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FTSE 100

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16,595.97

+6.53 (+0.04%)

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Moving Avg:

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2,076.39

+21.55 (+1.05%)

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10,057.52

-7.18 (-0.07%)

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Neutral

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46.965

-1.020 (-2.13%)

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28.25

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251.63

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Adidas AG

186.08

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7.063

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181.77

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12.550

-0.016 (-0.13%)

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    EUR/USD 1.0849 ↑ Buy  
    GBP/USD 1.2677 ↑ Buy  
    USD/JPY 150.49 ↑ Sell  
    AUD/USD 0.6517 Buy  
    USD/CAD 1.3567 ↑ Sell  
    EUR/JPY 163.23 ↑ Buy  
    EUR/CHF 0.9595 ↑ Sell  
    Gold 2,098.65 ↑ Buy  
    Silver 23.532 ↑ Buy  
    Copper 3.8712 ↑ Sell  
    Crude Oil WTI 79.99 ↑ Buy  
    Brent Oil 83.65 ↑ Buy  
    Natural Gas 1.970 ↑ Buy  
    US Coffee C 186.10 ↑ Buy  
    Euro Stoxx 50 4,911.25 ↑ Sell  
    S&P 500 5,137.08 ↑ Buy  
    DAX 17,721.65 ↑ Sell  
    FTSE 100 7,640.31 ↑ Buy  
    Hang Seng 16,595.97 ↑ Buy  
    Small Cap 2000 2,076.39 ↑ Buy  
    IBEX 35 10,057.52 Neutral  
    BASF 46.965 ↑ Sell  
    Bayer 28.25 ↑ Sell  
    Allianz 251.63 ↑ Buy  
    Adidas 186.08 ↑ Sell  
    Lufthansa 7.063 ↑ Buy  
    Siemens AG 181.77 ↑ Buy  
    Deutsche Bank AG 12.550 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,850/ 8,000
(50/ 50) # 1,762
SJC HCM7,840/ 8,040
(60/ 10) # 1,804
SJC Hanoi7,840/ 8,042
(60/ 10) # 1,806
SJC Danang7,840/ 8,042
(60/ 10) # 1,806
SJC Nhatrang7,840/ 8,042
(60/ 10) # 1,806
SJC Cantho7,840/ 8,042
(60/ 10) # 1,806
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