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The Chainlink price prediction may continue to settle above the 9-day and 21-day moving averages as the coin heads to the upside.
Chainlink Prediction Statistics Data:
Chainlink price now – $8.87
Chainlink market cap – $5.2 billion
Chainlink circulating supply – 556.8 million
Chainlink total supply – 1 billion
Chainlink Coinmarketcap ranking – #14
LINK/USD Market
Key Levels:
Resistance levels: $10.50, $11.00, $11.50
Support levels: $6.50, $6.00, $5.50
Looking at the daily chart, LINK/USD continues to trade above the 9-day and 21-day moving averages within the channel. However, the cryptocurrency is now trying to create a higher ground above the resistance level of $9.16, and should the buyers keep the coin above the moving averages, it may remain on the upside.
Chainlink Price Prediction: LINK/USD Spikes to the Upside
The Chainlink price may stay above the moving averages and if the resistance of $9.20 gives way, the bull run may come to focus, and the coin may create an additional bullish trend. Now, the bullish scenario seems to surface as buyers continue to post firm commitments into the market. According to the daily chart, traders could see a sharp rise in the market price. Therefore, if the coin crosses above the upper boundary of the channel, it could further strengthen the market to $10.50, $11.00, and $11.50 resistance levels.
On the downside, a lower possible swing may likely retest the previous support below the 9-day and 21-day moving averages, if the bears manage to fuel the market, traders may expect a further drop to the support levels of $6.50, $6.00, and $5.50 respectively.
LINK/BTC Breaks to the Upside
Against Bitcoin, the Chainlink price remains above the moving averages in other to reach the resistance level of 3000 SAT. Meanwhile, this resistance level is expected to effectively exceed so that the market price may end up closing above it.
Meanwhile, if LINK/BTC slides below the 9-day and 21-day moving averages, it could refresh lows under 2500 SAT and a possible bearish continuation may likely meet the major support at 2200 SAT and below. However, if the coin crosses above the upper boundary of the channel, it could hit the potential resistance at 3400 SAT and above to give more bullish signals.
Alternatives to Chainlink
The Chainlink price is keeping the upward movement as its price could move to cross above the upper boundary of the channel if the bulls increase the buying pressure. Meanwhile, the Chainlink (LINK) bulls remain above the 9-day and 21-day moving averages and could hit the resistance level of $9.50.
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