1
Chainlink price is currently trading at $7.79 while witnessing a loss of -0.66% during the intraday trading session.
2
Link prices trade above all the major EMAs.
3
The year-to-date return of Chainlink is 39.89% while one weekly return is -1.03%.
Link price has been in an uptrend since the middle of June after the formation of a support level at $5.10 level. Since the past month, Chainlink’s upward trajectory has defied market expectations, as prices surged roughly 66% from the support level and formed a high at $8.464.
If the bullish rally continued, the price would have shattered the annual trend but the move was halted as it reached near $8.464. The price faced strong rejection and retraced to form a support at $7.34.
Chainlink price then bounced back to retest the high but bears did not want the price to rise above $8. It has formed a lower high which indicates that there is a decrease in bullish momentum.
Source: LINK/USDT
We współpracy z: https://www.thecoinrepublic.com/2023/07/30/chainlink-price-prediction-link-10th-most-purchased-crypto/
