Critical Resistance Approaching for Chainlink (LINK)! September 30th Current LINK Price Analysis!

• ChainLink has broken the short-term uptrend, indicating a stronger growth pace, but positive developments may result in short-term corrections.
• The currency is approaching the 8.25-point resistance, which may trigger a negative response. However, breaking above 8.25 points will be a positive signal. The volume has been high at previous price peaks and low at price troughs.
• Today’s Chainlink price is $8.21, with a 24-hour trading volume of $296,975,239. Chainlink has gained more than 5% in the last 24 hours.

Chainlink (LINK) has managed to draw attention with significant recent price increases: What’s next for LINK price? Current LINK analysis!

Short-Term LINK Analysis

ChainLink has broken the short-term uptrend, indicating a stronger growth pace, but positive developments may result in short-term corrections. There is no resistance in the price chart, and further upward movement is expected. In case of negative reactions, the currency has support around 7.62 points. Positive volume balance, with high volume on rising days and low volume on falling days, strengthens the currency in the short term.

RSI is above 70 after a good price increase in recent weeks. The currency exhibits strong positive momentum, indicating further price increases. However, especially for larger assets, a high RSI can signal overbought conditions and the possibility of a downward reaction. The RSI curve shows an upward trend, supporting the positive trend. In the short term, the currency is generally considered positive from a technical perspective.

Medium-Term LINK Analysis

ChainLink is within an approximately horizontal trend channel in the medium to long term, indicating further developments in the same direction. The currency is approaching the 8.25-point resistance, which may trigger a negative response. However, breaking above 8.25 points will be a positive signal. The volume has been high at previous price peaks and low at price troughs. Positive volume balance strengthens the currency and increases the likelihood of an uptrend.

The currency’s short-term momentum is extremely positive, with RSI above 70. This indicates increasing optimism among investors and further price increases for ChainLink. However, especially for larger assets, a high RSI can signal overbought conditions and the possibility of a downward reaction. In the medium term, the currency is generally considered neutral from a technical perspective.

Long-Term LINK Analysis

ChainLink has broken upwards from a long-term horizontal trend channel. This indicates ongoing strong development, and the currency currently finds support in downward reactions towards the top of the trend channel. The currency is moving within a rectangular formation between 4.82 points of support and 8.03 points of resistance. A definite breach of either of these levels will indicate a new direction for the currency.

The currency is testing the 8.50-point resistance. This could trigger a negative response, but breaking above 8.50 points will be a positive signal. The volume has been high at previous price peaks and low at price troughs. Positive volume balance contributes to the strengthening of the trend. In the long term, the currency is generally considered positive from a technical perspective.

Chainlink (LINK) Price

Today’s Chainlink price is $8.21, with a 24-hour trading volume of $296,975,239. Chainlink has gained more than 5% in the last 24 hours. According to the current CoinMarketCap ranking, Chainlink is ranked 17th with a market capitalization of $4,570,356,999. There are 556,849,970 LINK tokens in circulation, and the maximum supply is set at 1,000,000,000 LINK tokens.