TL; DR Breakdown
Chainlink’s price prediction appears to be bearish. The strongest resistance is present at $ 23. The strongest support is present at $ 19.1.
Chainlink’s price prediction for January 1, 2021 reveals that the market is following a fluctuating trend. Chainlink’s price hit $ 20.5 on December 31, 2021, only to experience a sudden drop and drop to $ 19 on the same day. The next Chainlink stabilized a bit and rose to $ 20. The current price of Chainlink is $ 20.
LINK / USD 4-hour price prediction: trend fluctuates as volatility decreases
The Chainlink price prediction reveals that market volatility follows a downward movement, and this means that the Chainlink price is less prone to variable changes. The upper bound of the Bollinger band is present at $ 20.7, which serves as the strongest resistance. The lower bound of the Bollinger band is present at $ 19.1, which serves as the strongest support.
The resistance band and the support band move closer to each other as volatility decreases, indicating a possible market contraction, which may cause a sudden increase in volatility in the market.
The LINK / USD price appears to be moving above the moving average price, which signifies a bullish move. The market trend appears to be changing and the direction has recently turned to a bullish sign.
LINK / USD 4-hour price chart source: Trade view
The Relative Strength Index (RSI) is 49, which shows a stable value for the cryptocurrency, which means that the cryptocurrency falls neither on the overbought end nor the undervalued end. The RSI can be seen moving higher, which may indicate an increase in the LINK / USD price.
Chainlink 1-Day Price Prediction: LINK / USD Targeting the $ 20.5 Mark
Chainlink’s price prediction reveals that market volatility follows a latent trend, which means that the price remains stable until it fluctuates. The upper bound of the Bollinger band is present at $ 23, which serves as the strongest resistance. The lower bound of the Bollinger band is present at $ 17, which represents the strongest support.
The LINK / USD price appears to be crossing below the moving average price, which signifies a bearish move. It appears that the bears have taken control of the market and will probably hold it.
LNK / USD 1-Day Price Chart Source: Trade View
The Relative Strength Index (RSI) is 46, which means a stable value for the cryptocurrency. This means that the cryptocurrency does not fall into either the overbought extreme or the undervalued extreme. It can be seen that the trajectory of the RSI has shifted to a sloping movement that may indicate future increases in price.
Chainlink Price Prediction Conclusion: Market Indecisive Between Bears and Bulls
The conclusion of the Chainlink price prediction shows that the recognition made on the current behavior of LINK / USD indicates that it is following a downtrend that may soon shift to an upward direction. LINK / USD has risen sharply to the $ 20.5 mark; the price reached $ 20.49 on December 31, 2021.
Chart analysis soon shows bullish volatility and downtrend opportunities. It is predicted that LINK could quickly enter the range of the $ 20.5 mark, but this depends on the volatility of the support; If the current support fluctuates, and depending on the data shown on the charts, it is very likely that we will see prices drop to $ 19.
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Chainlink price prediction: LINK / USD struggling to $ 20