Chainlink Price Analysis: LINK Continues Bullish Run, Pushes Past $35 

Daily Chainlink LINK Price Forecast

Last Updated November 10th 2021
3 Min Read
  • The Chainlink price maintained its strong start to the week, increasing by over 2% during the current session. 
  • LINK has been quite bullish since the start of the week and posted a significant jump in price on Monday. 

The Chainlink price continued to be bullish during today’s session, pushing above $35 during the current session. LINK has been quite bullish during recent sessions and had ended the previous week on a positive note, registering an increase of 0.86%. The current week started on a very bullish note for LINK, as the price surged to $34.46 before pushing up further during the current session. Currently, LINK is at $35.24, with the price set to increase further. 

Chainlink Price Chart Indicates LINK Could Push To $36 

Although the Chainlink price has been quite bullish, it had started the previous weekend on a bearish note, as LINK dropped by almost 4% to slip below $30 and settle at $29.79. The price did post a marginal recovery on Sunday and ended the weekend at $30.02. LINK continued to push up on Monday, as buyers pushed the price up by 5.52%, with the price settling at $31.68. On Tuesday, the price pushed up further, rising by almost 2% to move up to $32.28, before turning bearish on Wednesday and dropping to $31.97. LINK continued to drop on Thursday, as it fell by almost 3% and dropped to $31.01.

Image: LINK/USD daily

LINK/USD daily chart 111021

After falling to $31.01 on Thursday, the Chainlink price pushed up significantly on Friday, as the price moved to $32.88. However, it fell back in the red on Saturday, with sellers pushing LINK down to $32.07 before it recovered on Sunday and settled at $32.34. The current week started on a very bullish note for LINK as the price surged by almost 7% on Monday. The current session sees LINK pushing further, with the price up by almost 3%. We can see that the Parabolic SAR and MACD are both bullish, indicating that the price could push even higher.

Looking at IntoTheBlock’s IOMAP for the Chainlink price, we can see that LINK has strong support at around $30.50. At this price level, over 25,000 addresses have bought more than 23 million LINK.

Image: IntoTheBlock

LINK/USD volume chart 111021

The 4-hour Chainlink price chart shows us that after dropping below the 20-bar and 50-bar SMAs on the 4th, LINK had settled at $30.42. However, the price recovered from this level, as it moved up to $33.14, pushing back above the 20-bar and 50-bar SMAs. LINK could not stay at this level and slipped to $31.15, falling below the 20-bar SMA. However, the 50-bar SMA acted as support, and the price rose to $31.64. With the 20-bar SMA now acting as support, LINK maintained this level and then pushed up to $34.23 before registering a marginal drop. The price then pushed up to its current level of $35.30. With the Parabolic SAR and MACD still bullish, we could see LINK push higher during the current session.

Image: LINK/USD 4-hour

LINK/USD 4-hour chart 111021

Chainlink Price Is Expected To Reach These Levels

The Chainlink price chart shows us that LINK has made an extremely strong start to the current week, with the price surging on Monday. If the current sentiment persists, then LINK could push to $36.