Chainlink Price Prediction: LINK Looks To Push To $18 After Bullish Weekend 

Daily Chainlink LINK Technical Analysis

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Last Updated February 7th 2022
3 Min Read
  • The Chainlink price continued to push higher during the ongoing session, with buyers looking to move LINK above $18. 
  • LINK has been quite bullish over the past few sessions and had surged by over 7% on Friday. 

The Chainlink price continued its upward trajectory as buyers looked to push LINK to $18 and above. LINK has been quite bullish during recent sessions and had pushed up by over 3% on Thursday, moving to $16.30. Friday saw LINK continue to push higher, rising over 7% and moving to $17.51. LINK remained positive over the weekend, moving above the 20-day SMA on Saturday and moving to $17.77. The current session sees LINK marginally up as the price moves towards $18. 

Chainlink Price Chart Indicates LINK Could Push To $18 

The Chainlink price was quite bullish going into the previous weekend, rising by over 6% on Friday and moving to $16.16. Over the weekend, the price continued to push higher, registering a marginal increase on Saturday and then pushing up by nearly 10% on Sunday, ending the weekend at $17.79. LINK started the week in the red, as the price dropped by 3.50% on Monday, falling to $17.17. The price remained bearish on Tuesday, dropping by 0.99% and settling at $16.99.

Image: LINK/USD daily

LINK/USD daily chart 020722

The Chainlink price continued to drop on Wednesday, falling by over 7% and dropping to $15.78. However, LINK recovered on Thursday despite the bearish sentiment, rising by over 3% and moving to $16.30. Friday saw the price push even further, as LINK rose by over 7% and settled at $17.51. The weekend saw the bullish sentiment persist, with LINK pushing above the 20-day SMA on Saturday and moving to $17.77. The current session sees LINK at $17.88 as buyers continue to push the price higher.

We can see that the MACD is currently bullish, indicating that we could see LINK push higher.

Looking at IntoTheBlock’s IOMAP for the Chainlink price, we can see that LINK faces strong resistance at around $20.40. At this price level, nearly 6000 addresses have sold more than 22 million LINK.

Image: IntoTheBlock 

LINK/USD volume chart 020722

The 4-hour Chainlink price chart shows us that LINK had pushed up to $17.79 on the 31st. The price fell back from this level, as it dropped to $17.18, and then slipped below the 20-bar SMA, falling to $16.85 on the 1st. The price registered a marginal recovery from this level but could not move past the 20-bar SMA and fell back, dropping to $16.34, where the 50-bar SMA acted as support. However, LINK fell back from this level, dropping further to $15.66 on the 3rd, before recovering and rising to $16.32. The price continued to push higher from this level, surging past the 20 and 50-bar SMAs and rising to its current level of $17.

We can see that the Parabolic SAR and MACD are both bullish, indicating that we could see the price push higher.

Image: LINK/USD 4-hour

LINK/USD 4-hour chart 020722

Chainlink Price Is Expected To Reach These Levels

Looking at the Chainlink price chart, we can see that LINK has been quite bullish in recent sessions. If the current sentiment persists, we could see LINK push above $18.