Chainlink Price Prediction for Today, April 27 – LINK Technical Analysis

The Chainlink price prediction shows that LINK is recovering from the daily opening price at $14.9 level as the price heads to the upside.

Chainlink Down More Than 3% Within 24 hours

In the last 24 hours, Chainlink has seen a 3.72% decline, with its price now resting at $14.44. This shift contrasts with its positive trajectory over the past week, during which it enjoyed a 7.0% increase, climbing from $13.56 to its present value. Despite the recent dip, Chainlink continues to exhibit resilience, demonstrating its ability to navigate fluctuations in the market.

Chainlink Prediction Statistics Data:

• Chainlink price now – $14.81
• Chainlink market cap – $8.6 billion
• Chainlink circulating supply – 587 million
• Chainlink total supply – 1 billion
• Chainlink Coinmarketcap ranking – #16

LINK/USD Market

Key Levels:

Resistance levels: $19, $21, $23

Support levels: $10, $8, $6

LINK/USD trades within the 9-day and 21-day moving averages as the coin touches the daily high at the $14.90 resistance level. At the time of writing, Chainlink is changing hands at $14.81, having gained over 1.88% after touching the daily low of $14.36. However, with latest the recovery, the digital asset is likely to head to the upside to increase the bullish movement.

Chainlink Price Prediction: Chainlink (LINK) May Break to the Upside

The Chainlink price stays within the 9-day and 21-day moving averages at the price level of $14.81. Moreover, if the bulls begin to maintain the upward trend, trading near the channel’s upper boundary could touch the resistance levels of $19, $21, and $23 respectively. On the contrary, any strong selling pressure to the downside may drag the price toward the lower boundary of the channel.

Nevertheless, should the Chainlink price slide to the south, it could hit the supports of $10, $8, and $6. Meanwhile, the 9-day MA is below the 21-day MA, suggesting that the market may follow the bearish movement.

LINK/BTC Could Move Sideways

Against Bitcoin, the Chainlink price is likely to move sideways as the coin moves within the 9-day and 21-day moving averages, trading at 2275 SAT. Therefore, following the recent positive sign, the current market movement may begin to follow upward movement if the buyers push the price above the 21-day moving average.

Nevertheless, if the bulls increase the pressure, the market price could hit the resistance level of 2800 SAT and above. Meanwhile, a retest below the 9-day moving average could lower the price to the support level of 1800 SAT and below.

Furthermore, @cryptocantoncat, boasting over 14k followers on X (formerly Twitter), offered valuable insights into $LINK #Chainlink, highlighting the patterns preceding significant upward movements. These setups typically involve bullish crosses, support retests, consistent whale activity, and downtrends accompanied by decreasing volume. Despite the tempting potential, the user expressed a limitation in funds, opting to maintain their current holdings rather than purchasing more assets.

$LINK #Chainlink
Got asked a lot about it
These are the type of setups before they explode upwards
Bullish cross, back-testing support, whales inflow intact, downtrend on declining volume
If I had more funds, I'd buy
I can't buy everything
So I'll just keep holding what I have pic.twitter.com/srVxWr7q7z

— Cantonese Cat 🐱 (@cryptocantoncat) April 27, 2024

Chainlink Alternatives

The Chainlink price may cross above the 21-day moving average and if the resistance of $15 gives way, the bull run may come to focus, and the coin may create an additional bullish trend. The bullish scenario seems to surface as buyers continue to post firm commitments into the market. In the crypto market, Chainlink (LINK) currently ranks 16th with a market capitalization of $8.6 billion, potentially constraining its growth due to its size. Conversely, Dogeverse (DOGEVERSE), the pioneer cross-chain meme token globally, has recently surpassed $11.6 million in its initial coin offering (ICO), drawing an investor frenzy ahead of its exchange debut. The Dogeverse ICO continues to surge unabated, marking yet another significant milestone in the intersection of blockchain technology and meme culture.

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