October 1st Chainlink (LINK) Price Analysis: If LINK Coin Can’t Hold This Support, the Upside Movement Could End!

• In the event of a negative reaction, the cryptocurrency finds support at approximately $7.62 levels. Positive volume balance indicates aggressive buyers and passive sellers, strengthening the cryptocurrency.
• The RSI curve shows an upward trend, supporting the positive trend. From a technical perspective, the cryptocurrency is generally considered positive in the short term.
• Today’s live Chainlink price is $7.87 USD, with a 24-hour trading volume of $218,844,183 USD. Chainlink has lost more than 3% in the last 24 hours.

Chainlink (LINK) appears to be close to breaking the recent uptrend: if this support doesn’t hold, LINK coin could fall further!

Short-Term LINK Analysis

ChainLink has broken the short-term uptrend, indicating a stronger growth rate. There is no resistance on the price chart, signaling further upward potential. In the event of a negative reaction, the cryptocurrency finds support at approximately $7.62 levels. Positive volume balance indicates aggressive buyers and passive sellers, strengthening the cryptocurrency. The RSI is above 70 after a good price increase in recent weeks.

The cryptocurrency has strong positive momentum, suggesting more potential for growth. However, a high RSI, especially for large assets, can indicate overbought conditions and the possibility of a downward reaction. The RSI curve shows an upward trend, supporting the positive trend. From a technical perspective, the cryptocurrency is generally considered positive in the short term.

Medium-Term LINK Analysis

ChainLink is within an approximately horizontal trend channel in the medium to long term, indicating further development in the same direction. The cryptocurrency is testing the $8.25 resistance level. This could trigger a negative reaction, but breaking above $8.25 would provide a positive signal. The volume has been high at previous price peaks and low at price troughs. Positive volume balance strengthens the cryptocurrency and increases the likelihood of a breakout.

The RSI is above 70 after a good price increase in recent weeks. The cryptocurrency has strong positive momentum, suggesting more potential for growth. However, a high RSI, especially for large assets, can indicate overbought conditions and the possibility of a downward reaction. From a technical perspective, the cryptocurrency is generally considered neutral in the medium term.

Long-Term LINK Analysis

The long-term approximately horizontal trend channel has been broken. This is a sign of ongoing strong development, and the cryptocurrency is now encountering support against possible downward reactions. The price has also broken the 8.03 resistance of a rectangle pattern. A definite breakout would signal further upward movement for the cryptocurrency, possibly up to $13.13 or more.

The volume has been high at previous price peaks and low at price troughs. Positive volume balance strengthens the trend breakout. From a technical perspective, the cryptocurrency is generally considered positive in the long term.

Chainlink (LINK) Price

Today’s live Chainlink price is $7.87 USD, with a 24-hour trading volume of $218,844,183 USD. Chainlink has lost more than 3% in the last 24 hours. According to the current CoinMarketCap ranking, Chainlink is ranked 17th with a market capitalization of $4,422,509,955 USD. There are 556,849,970 LINK tokens in circulation, and the maximum supply is not available.