Altcoin project Chainlink $12.80LINK’s main network presence LINK, four -hour graphic rise trend price formation after the high interest in social media attracted great attention. Moving in the Parallel channel formation that has been descending since the beginning of February altcoinhas broken this long -term decline trend with today’s hard rise. With the output of the price from the formation and the four -hour time period, the price of LINK Coin gives a rise signal as it exceeds 200 enlarged moving average (EMA). In case of protection of $ 15.15 with support level, Altcoin has the potential to reach $ 19.30 with a 25 percent rise in the coming days. Link now seems to be preparing for rising as a consolidated in a narrow range.
Price movements and important levels of Chainlink Altcoin
Linkhas come to a technically strong position by successfully breaking the descending channel model for a long time. This break is considered an important sign that the previous decline trend has ended. The fact that 200 EMA resistance in the four -hour graph is an indication that the control of the buyers deals with control.
The current consolidation of the price is interpreted as the energy collection phase for the next movement. Analysts, especially if the level of $ 15.15 is protected as a critical support, is based on previous technical model and price behavior, the target is around 19.30 dollars. This level corresponds to about 25 percent rise from existing prices.
Optimistic Table in Blockchain Data
Positive developments in the price movement are also supported by blockchain metrics. Analytical Company CentimeterData from LINK shows that the social domination rate has reached the highest level in recent weeks. This increase is often regarded as an important indicator that indicates that market optimism and interest in Altcoin have increased.
It is also the highest level seen since the beginning of March. This is another positive signal that shows that the project is active in the background and that developers’ contributions continue. In addition, the link coin supply in the stock exchanges is decreased. This decline suggests that big investors and other investors may tend to keep or accumulate Altcoin in the long run and tend to accumulate. When all these Blockchain data come together, it arouses the impression that buyers return to the market and support LINK’s price gains.
LINK Coin is traded at about $ 15.40 at the time of the article. In the last 24 hours, the price of Altcoin was increased by more than 2.25 percent. However, in the same period, Altcoin’s transaction volume fell by 20 percent. This decrease indicates that there is a decrease in the participation of investors on the market compared to the previous day.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
