The Chainlink price prediction reveals that LINK may find a halt at $6 as the price is down by 7.52% over the last 24 hours.
Chainlink Prediction Statistics Data:
- Chainlink price now – $6.59
- Chainlink market cap – $3.2 billion
- Chainlink circulating supply – 491.5 million
- Chainlink total supply – 1 billion
- Chainlink Coinmarketcap ranking – #24
LINK/USD Market
Key Levels:
Resistance levels: $9.0, $9.2, $9.4
Support levels: $5.0, $4.8, $4.6
Your capital is at risk
According to the daily chart, LINK/USD may drop further lower to find support at the $6.0 level. However, the Chainlink price may go lower below the lower boundary of the channel before rising again. If the bears continue to push the market further lower, immediate support below the $0.6.2 level may be located. Beneath this, further supports may be found at $5.0, $4.8, and $4.6.
LINK Price May Head to the South; Tamadoge (TAMA) Goes Bullish
As the daily chart reveals, if the buyers can hold the support at $6.5, the Chainlink price may climb higher, and bulls could expect immediate resistance to be located above the 9-day and 21-day moving averages, which is not too close to the upper boundary of the channel.
However, moving towards the upper boundary of the channel may locate the higher resistance levels at $9.0, $9.2, and $9.4. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross into the oversold region, which shows that the market price may drop more.
Against Bitcoin, the Chainlink price is moving to the downside within the channel, where the price is expected to move below the lower boundary of the channel. Therefore, should the price cross to the downside, the market could hit the support level at 2800 SAT and below.
On the contrary, if the bulls could push the market towards the north, it may cross above the moving averages to face the upper boundary of the channel. If successful, the LINK price may reach the resistance level of 3800 SAT and above. More so, the technical indicator Relative Strength Index (14) confirms that the market is been controlled by the sellers as the signal line moves to cross below the 40-level.
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Source: https://insidebitcoins.com/news/link-drops-below-7-as-tamadoge-spikes-to-the-upside