Tag Archives: LINK

Chainlink witnessed a bearish divergence between price and momentum and was forced to pull back to $29, and could go further south. Aave had a lack of buying volume and sellers were in the driver’s seat and they worked hard to drive prices beneath the $360 floor. Synthetix could test the $18.5 region of demandContinue reading “Chainlink, Aave, Synthetix Price Analysis: 22 March”

Though LINK’s price has dropped over 9.4% in the past week, there is a shift in the altcoin’s narrative based on exchange withdrawals. Top altcoin Chainlink was trading at the $27.72 level. Close to $30, but closer to a correction which may be driving the accumulation at the current phase in the market cycle. BasedContinue reading “Signs retail traders of Chainlink need to watch for”

Grayscale Investments announced the launch of five new trusts based on various cryptocurrencies such as Basic Attention Token (BAT), Chainlink (LINK), Filecoin (FIL), and Livepeer (LPT) coins, and even virtual-reality world Decentraland (MANA). In a release shared with AMBCrypto, the firm said that each of these crypto trusts is structured as a Delaware Grantor TrustContinue reading “Grayscale offers five new crypto trusts based on BAT, LINK, FIL, MANA, LPT”

Chainlink, at the time of writing, was trading at $27.56, down from the $35-level seen towards the end of February 2021. However, it remains an exciting time for Chainlink. In fact, it may even be an accumulation phase for Chainlink, especially since its correlation with Bitcoin was observed to be over 71%, based on dataContinue reading “What differentiates Chainlink from other altcoins in the current cycle?”

Bitcoin continued to drop as major exchanges saw hundreds of millions of dollars liquidated. Chainlink dropped sharply past the $28.34 level of former support. Bitcoin SV retraced most of its gains of the past few days, and Algorand managed to hold steady above the $1 mark. Chainlink [LINK] Even before Bitcoin’s sharp descend back beneathContinue reading “Chainlink, Bitcoin SV, Algorand Price Analysis: 15 March”

Chainlink’s brief recovery above $28.5 support was quickly negated by the sellers, who targeted the aforementioned level at the time of writing. ATOM threatened to break lower from $18.7 support, while Zcash could be up for additional losses towards the $140.3 mark. Chainlink [LINK] Chainlink’s uptrend was cut short at $31.85 resistance and selling pressureContinue reading “Chainlink, Cosmos, Zcash Price Analysis: 14 March”

Chainlink flipped the $28.34 level from resistance to support over the past few days and defended it from bearish pressure once more. VeChain was strongly bullish on the charts as bulls eyed a target of $0.077, and Decred was trading at $149. Chainlink [LINK] On the hourly chart, LINK made steady progress past levels ofContinue reading “Chainlink, VeChain, Decred Price Analysis: 08 March”

A week ago, some on-chain metrics triggered alarms in the short-term. The number of receiving addresses and the number of Chainlink transfers reached 30-day lows. These factors were highlighted as being bottlenecks for the growth of LINK’s price. The price dropped to the $25 area of demand on the back of these developments, but theContinue reading “Chainlink Price Analysis: 07 March”

The altcoin market showed that market bears were in the ascendancy over the past week, with the same likely to continue over the next few days. Chainlink approached an area of demand at $25, while Synthetix faced rejection at the $27-level. Finally, Verge flipped the $0.019-level to support, although this development could be short-lived. ChainlinkContinue reading “Chainlink, Synthetix, Verge Price Analysis: 05 March”

Chainlink registered a 27% decline over the past week, marking its largest correction since its 48% drop during the 2nd week of March 2020. While the entire market was a victim of the recent bearish dump, major altcoins have indicated signs of recovery in the past few days. For Chainlink, the situation was a littleContinue reading “These factors are now a bottle-neck for Chainlink’s price”

Chainlink was trading within a region of supply as bulls sought to flip it into an area of demand. Synthetix rose above the $18.5 mark as buyers stepped in, and FTX Token attempted to reclaim the $26.2 level as support. Chainlink [LINK] On the hourly chart, the RSI showed that the momentum was beginning toContinue reading “Chainlink, FTX Token, Synthetix Price Analysis: 01 March”

Bitcoin’s bullish movement in the month of February propelled some altcoins to record levels of their own as billions of dollars pumped into the crypto-market. However, the altcoins also followed the king coin lower on the charts after a period of correction. Such was the case with Chainlink, Aave, and Compound, which failed to sustainContinue reading “Chainlink, Aave, Compound Price Analysis: 28 February”