Chainlink Price Analysis: LINK Stops Before Entering $30

Daily Chainlink LINK Price Forecast

Last Updated July 23rd 2021
1 Min Read
  • The Chainlink price has been on an upward surge since March 25.
  • LINK has flashed multiple buy signals in the daily chart.
  • Since March 25, the Chainlink price jumped from $24.80 to $29.95. During this bullish surge, the buyers managed to flip the 20-day and 50-day SMAs from resistance to support. Let’s take a closer look with technical analysis.

    Chainlink Price Retreats From $30 Level

    In the daily Cardano price chart, LINK has flashed the following buy signals:

    1. The parabolic SAR has reversed from bearish to bullish.
    2. The MACD has flipped from negative to positive.

    Both these indicators tell us that the overall sentiment is very positive.

    Image: LINK/USD daily

    link/usd daily chart 040221

    On the upside, the only resistance barrier of note is at $30, wherein 9,000 addresses had purchased  5.65 million LINK tokens. Taking down this line will take Chainlink price to $35.

    Image: IntoTheBlock

    link/usd volume chart 040221

    HaykerDAO Integrates Chainlink

    HaykerDAO, the on-chain stablecoin protocol run by a decentralized autonomous organization (DAO), has integrated Chainlink Price Feeds on the Huobi ECO Chain (Heco) mainnet. The initial integration supports the following Chainlink Price Feeds: HT/USD, HBTC/USD, HUSD/USD, ETH/USD, and USDT/USD.

    Chainlink Price Is Expected To Reach These Levels

    Chainlink price will regain momentum and break past the $30 resistance barrier.