• Chainlink price analysis: Bullish momentum propels LINK value to $13.3

  • According to the Chainlink price research, the bulls were successful in making a return during the last 24-hours following a two-day negative interval. The price of LINK has risen to $13.3 as a result of the recent upturn, resulting in a huge boost in its value. The previous few weeks were damaging to the general coin value, and even the most recent week produced mixed results, but the situation is now turning beneficial for buyers due to the rising trend.

    LINK/USD 1-day price chart: After a positive uplift, the price rises to $13.3.

    The one-day Chainlink price analysis indicates a positive trend, as greater buying activity has occurred in the recent 24 hours. Buyers are active today, working hard to keep the positive trend going, and the price has risen to $13.3. Although the last two weeks were not good for the LINK market value, the trend has shifted today and has had a positive impact. The price still needs to cross the moving average (MA), which is $13.3, barely a point above.

    The volatility is significant since the upper Bollinger band value is trading at $15.4, indicating resistance, while the lower Bollinger band value is trading at $12.3, indicating support. Following the recent bullish activity, the Relative Strength Index (RSI) score has now reached index 42.

    Price study of Chainlink: Recent developments and additional technical indicators

    The four-hour Chainlink price research indicates that the cryptocurrency has been rising over the past 12 hours. The bulls have been driving the market for some time, but a steady dip in price was also seen early yesterday. The bulls are now back on track, as the price has been rescued up to $13.3. The four-hour price chart’s moving average value has remained at $13.2 below the price level.

    The Bollinger Bands Indicator currently displays the following values: $414.2 for the upper Bollinger band and $12.69 for the lower Bollinger band. The RSI score is now trading at index 48, hanging towards the center of the neutral zone.

    Price study of chainlinks: conclusion

    As a bullish price movement is taking place, the daily and hourly predictions for Chainlink price research are assisting buyers today. The price is on the mend and has risen to $13.3 as a result of the rising trend. If the bulls maintain their tenacity, the coin’s value will rise more in the coming week.

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