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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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27-02-2024 17:26:25 (UTC+7)

EUR/USD

1.0844

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (7)

EUR/USD

1.0844

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

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GBP/USD

1.2674

-0.0008 (-0.06%)

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USD/JPY

150.26

-0.43 (-0.28%)

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Moving Avg:

Buy (4)

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AUD/USD

0.6550

+0.0010 (+0.16%)

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Moving Avg:

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USD/CAD

1.3498

-0.0009 (-0.07%)

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EUR/JPY

162.96

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EUR/CHF

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2,044.75

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3.8543

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77.56

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81.58

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1.743

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US Coffee C Futures

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Euro Stoxx 50

4,878.35

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S&P 500

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DAX

17,507.95

+84.72 (+0.49%)

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FTSE 100

7,688.23

+3.93 (+0.05%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Hang Seng

16,790.80

+156.06 (+0.94%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

US Small Cap 2000

2,028.97

+12.28 (+0.61%)

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Moving Avg:

Buy (4)

Sell (8)

Indicators:

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IBEX 35

10,097.35

-41.05 (-0.40%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (4)

BASF SE NA O.N.

46.900

+0.570 (+1.23%)

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↑ Buy

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Bayer AG NA

28.89

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Allianz SE VNA O.N.

245.68

+0.03 (+0.01%)

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Adidas AG

188.98

+0.78 (+0.41%)

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Deutsche Lufthansa AG

7.303

+0.066 (+0.91%)

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Siemens AG Class N

176.65

+1.75 (+1.00%)

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Deutsche Bank AG

12.265

-0.037 (-0.30%)

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Moving Avg:

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Sell (2)

    EUR/USD 1.0844 ↑ Sell  
    GBP/USD 1.2674 ↑ Sell  
    USD/JPY 150.26 ↑ Sell  
    AUD/USD 0.6550 ↑ Sell  
    USD/CAD 1.3498 Sell  
    EUR/JPY 162.96 ↑ Sell  
    EUR/CHF 0.9550 Buy  
    Gold 2,044.75 ↑ Sell  
    Silver 22.840 ↑ Sell  
    Copper 3.8543 ↑ Sell  
    Crude Oil WTI 77.56 ↑ Sell  
    Brent Oil 81.58 ↑ Sell  
    Natural Gas 1.743 ↑ Sell  
    US Coffee C 178.90 Neutral  
    Euro Stoxx 50 4,878.35 ↑ Buy  
    S&P 500 5,069.53 ↑ Sell  
    DAX 17,507.95 ↑ Buy  
    FTSE 100 7,688.23 Buy  
    Hang Seng 16,790.80 Neutral  
    Small Cap 2000 2,028.97 ↑ Sell  
    IBEX 35 10,097.35 ↑ Sell  
    BASF 46.900 ↑ Buy  
    Bayer 28.89 ↑ Buy  
    Allianz 245.68 ↑ Sell  
    Adidas 188.98 ↑ Buy  
    Lufthansa 7.303 ↑ Buy  
    Siemens AG 176.65 ↑ Buy  
    Deutsche Bank AG 12.265 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,700/ 7,850
(-20/ -20) # 1,768
SJC HCM7,690/ 7,890
(10/ -10) # 1,809
SJC Hanoi7,690/ 7,892
(10/ -10) # 1,811
SJC Danang7,690/ 7,892
(10/ -10) # 1,811
SJC Nhatrang7,690/ 7,892
(10/ -10) # 1,811
SJC Cantho7,690/ 7,892
(10/ -10) # 1,811
Cập nhật 27-02-2024 17:26:27
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Dầu hỏa 2-K20.92021.330
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