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Cryptopolitan 2021-09-12 03:59:20

Chainlink Price Analysis: LINK/USD bulls take aim at $30 price barrier

TL;DR Breakdown Chainlink price analysis indicates a bullish market.LINK/USD rallied today.LINK is aiming to breach the $30 resistance LINK/USD is trading bullishly as indicated on today’s Chainlink price analysis after the coin was rejected to decline below $26 and respect the support. We are therefore anticipating a hot gain in the next 24-hours as LINK attempts to retest the $30 mark.  Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market is trading in the green zone with the majority of the coins recording gains. Bitcoin went up by 0.16 percent, Ethereum increased by 0.8 percent while Binance Coin increased by 1.20 percent. Cardano emerged as the best performing altcoin of the day with a 6 percent improvement while Solana is the worst performing altcoin of the day.  Chainlink price movement in the last 24 hours: Chainlink still trading below $30 According to our daily Chainlink price analysis, LINK/USD is trading within a tight daily range between $26.25 – $27.71.  The total trading volume went down by 39.18 percent and sum up to $1.1 billion. Meanwhile, the total market capitalization for the coin trades around $12.21 billion, ranking the coin at position 15 overall. LINK/USD 4-hour chart: targets the $30 resistance next? On the 4-hour chart, the Chainlink price action is attempting to break above the $28 region and build support at that level. The $30 mark is a point of high res...

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