Analiza prețului Chainlink: LINK testează suport de 17.5 USD, se pregătește pentru un alt raliu?

TL; Defalcare DR

• LINK moved sideways yesterday.
• Support around $17.5 retested again.
• LINK/USD likely to move higher later today.

Prețul lanțului analysis is bullish for today as the previous major support around $17.5 was tested yesterday after a strong retracement from the $21 swing high. Therefore, we can expect LINK/USD to push higher over the next 24 hours and attempt to set another swing high.

The overall market trades with slightly bearish results over the last 24 hours. Bitcoin has increased by 0.8 percent while Ethereum -2.3 percent. The rest of the market follows a slightly bearish price action development.

Mișcarea prețului lanțului în ultimele 24 de ore

LINK/USD traded in a range of $17.91 – $18.96, indicating a moderate amount of volatility. Trading volume has decreased by 29.72 percent and totals $614.9 billion. Meanwhile, the total market capitalization trades around 8 billion, ranking the cryptocurrency in 15th place overall.

LINK/USD 4-hour chart – LINK set to move higher again?

On the 4-hour chart, we can see the Chainlink price retesting the $17.5 support and preparing for another push higher later today.

The overall Chainlink price action momentum is still bearish over the past months. After retracing from the previous major swing high around $35, LINK/USD eventually found support around the $15 mark and started to slowly trend higher from there.

Over the past weeks, a clear higher high and low was set, indicating that bulls are regaining control. However, after another push higher to the $21 mark, LINK/USD failed to set a substantial higher low and broke past the several-week ascending support trendline.

This Chainlink price action development indicates that bears have lost momentum and we could see the market set a lower high early next week. From there, LINK/USD could push lower again and look to test the $15 mark.

Analiza prețului Chainlink: Concluzie 

Chainlink price analysis is bullish as the market has retested the $17.5 support area once again after a sharp decline earlier this week. Therefore, we expect LINK/USD to move to the $20 mark next week to potentially establish a lower high.

While waiting for Chainlink price to move higher, read our guide on Avantajele DeFi, Taxe Bitcoin, precum și ce poți cumpăra cu Bitcoin.

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Sursă: https://www.cryptopolitan.com/chainlink-price-analysis-2021-07-10/