Chainlink Price Prediction: LINK Plunges 6% As Traders Shift Focus To This Crypto Wallet Token Offering A 213% Staking APY
The Chainlink price plunged 6% in the last 24 hours to trade at $23.80 as of 11:17 p.m. EST on trading volume that skyrocketed 62% to $912 million. Chainlink Price Poised For A Breakout The LINK price has been experiencing significant price fluctuations, reflecting an interplay of bullish and bearish sentiments. On the daily chart, LINK has shown resilience, rallying from its lows near $11.50 to recent highs above $27.50. This movement marks a clear bullish trend in the medium term. However, after touching resistance near $27.50, the Chainlink price has pulled back to its current level of $23.80, and trading within the sideways pattern, according to GeckoTerminal data. Despite the pullback, the price of Chainlink is still well above both the 50-day and 200-day Simple Moving Averages (SMAs), a suggestion of a bullish outlook. The Relative Strength Index (RSI) is at 51.06, placing it in the neutral zone. This suggests that neither buyers nor sellers currently dominate the ma...