Chainlink Price Prediction: $33.75 Resistance Line Prevents Further Growth

Daily Chainlink LINK Technical Analysis

Last Updated July 23rd 2021
1 Min Read
  • Chainlink price is currently trending in an upwards channel formation.
  • MACD shows sustained bullish momentum.
  • Over the last two and a half weeks, the Chainlink price jumped from $24.75 on March 25 to $33. During this surge, LINK reached highs of $35.Let’s take a closer look with technical analysis.  

    Chainlink Price Trends In Upward Channel

    As things stand, the Chainlink price met robust resistance at $33.75, which caused LINK to drop to $33. However, the MACD shows that the current market sentiment is positive, which could trigger a further test of the #33.75 resistance line. The relative strength index (RSI) tells us that LINK still has space to grow.

    Image: LINK/USD daily

    link/usd daily chart 041321

    The IOMAP tells us that there is a lack of robust resistance barriers which adds further credence to our overall bullish outlook of Chainlink price.

    Image: IntoTheBlock

    link/usd volume chart 041321

    Chainlink Price Is Expected To Reach These Levels

    With the buyers in full control, Chainlink price will recover, flip the $33.75 resistance line to support and reach $35.

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