Chainlink has got a lead as high as 6.18% over the last 30 days. Its current value stands at $2.3, and the major of its growth has happened after the onset of 2020. It may be able to make this trend sustainable in the short-term.
LINK Price Analysis
Chainlink was being traded at $2.166 on December 12, and over the next six days, it got down by 22.14% to $1.686, the lowest point of the month. It was followed by a small stint of strengthening that added $0.218 to the value and pushed LINK price to $1.905 by December 29. The last variation happened between January 03 & 11. Over these eight days, Chainlink coin got soared by a whopping 34.62%, and the value against USD traveled from $1.70 to $2.29. The last variation of LINK coin is the most significant one that has helped its investors to keep a bullish outlook on the price trend.
LINK coin’s current price at $2.3 has managed a decent lead above its both the 50 days MA ($2.213) and 20 days MA ($2.227). The gap amongst the averages has been almost 3.5%. Chainlink is likely to maintain this bullish outlook in the coming few days. As per Trade99’s analysts, the coin may breach the next resistance around $2.36. The upcoming price trend may not get immune to market volatility in the short-term.