Connect with us

Hi, what are you looking for?

ELEVENEWS

Chainlink

Chainlink Price Analysis: LINK/USD shoots above $15-mark

  • LINK/USD has crossed above the 20-day Bollinger Band.
  • The RSI is trending around 84.375 in the RSI indicator.

LINK/USD daily chart

LINK/USD daily chart

LINK/USD bulls came roaring back following two straight bearish days. The price has jumped up from $13 to $15.45. The MACD shows increasing bullish market momentum. The price has four healthy support levels at $13.81, $13, $9.70 (SMA 20) and $7.60 (SMA 50). 

The price is hovering above the 20-day Bollinger Band and the relative strength index (RSI) is trending around 84.375. Both these indicators show that the asset is presently overvalued, and may face bearish correction soon.

News Source

Advertisement

Copyright © 2020 Elevenews