- The Chainlink price has pushed up significantly during the current session and is up by almost 6%.
- LINK has been quite bullish during the current week, even though it had started the week on a bearish note.
The Chainlink price is up significantly during the current session, as it pushed above $20 and is currently at $21. LINK had started the week on a slightly bearish note, registering a marginal drop on Monday. LINK pushed back up on Tuesday, rising by 3.46% and settling at $19.43. On Wednesday, the price continued to push higher, rising by 2.52% and moving to $19.92. The current session sees LINK at $21, with the price currently up by almost 6%.
Chainlink Price Chart Indicates LINK Could Push To $22
The Chainlink price started the previous week on an extremely bearish note, dropping by nearly 13% and settling at $17.78. The price recovered on Tuesday, rising by nearly 4% and settling at $18.45. Wednesday saw the bullish sentiment continue as the price moved up to $19.69. After reaching this level, LINK fell back in the red on Thursday, falling by 4.66%, dropping to $18.77. The price continued to drop on Friday, falling by 2.53% to $18.30. However, the weekend saw a strong recovery on Saturday, rising by nearly 7% and settling at $19.55.
Image: LINK/USD daily
After rising to $19.55 on Saturday, the Chainlink price fell back in the red on Sunday, falling by over 3% and settling at $18.88. Monday saw LINK remain in the red, registering a marginal drop, before pushing up on Tuesday, rising by over 3% and settling at $19.43. Wednesday saw LINK continue to push higher, with the price moving to $19.92. The current session has seen LINK push above $20, as buyers look to push the price to $22.
We can see that the Parabolic SAR is currently bullish, indicating that the price could continue to push higher.
Looking at IntoTheBlock’s IOMAP for the Chainlink price, we can see that LINK faces strong resistance at around $23.32. At this price level, nearly 18,000 addresses have sold more than 40 million LINK.
Image: IntoTheBlock
The 4-hour Chainlink price chart shows us that LINK had pushed up to $20.12 on the 19th. LINK fell back from this level, dropping below the 20 and 50-bar SMAs and falling to $18.45 on the 20th. The price pushed up significantly from this level, moving back above the 20 and 50-bar SMAS and moving to $20.49. LINK fell marginally from this level before rising again and moving to $21.25. We can see the price still at $21, and with the MACD and Parabolic SAR bullish, we could see the price push higher.
Image: LINK/USD 4-hour
Chainlink Price Is Expected To Reach These Levels
The Chainlink price chart shows us that LINK has been highly bullish during the current week. If the current sentiment persists, we could see LINK push above $21.