• Latest
  • Trending
Chainlink Price Analysis: 14 May

Chainlink Price Analysis: 14 May

May 14, 2021
Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

January 5, 2022
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

December 20, 2021
Here’s what global CEO’s think about cryptocurrency

Millennial millionaires plan to make more cryptocurrency investments in 2022: Survey

December 20, 2021
Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

December 20, 2021
Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

December 20, 2021
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

December 20, 2021
Need to Explain #Litecoin at #Thanksgiving? – Latest Tweet by Litecoin

@LinkSemper – Latest Tweet by Litecoin

December 20, 2021
BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

December 20, 2021
An LTC Move Back to $150 Should Support ETH and XRP

An LTC Move Back to $150 Should Support ETH and XRP

December 20, 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

December 20, 2021
Travel Co Travala.com Accepts Bitcoin Payments

Travel Co Travala.com Accepts Bitcoin Payments

December 20, 2021
Puerto Rico plans to combat corruption with blockchain

Puerto Rico plans to combat corruption with blockchain

December 20, 2021
Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

December 20, 2021
Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

December 20, 2021
City employees could see cryptocurrency payroll conversion options next year, first in nation

City employees could see cryptocurrency payroll conversion options next year, first in nation

December 20, 2021
Thursday, May 26, 2022
The Crypto Dirt
  • Home
  • Cryptocurrency
  • Blockchain
  • DeFi
  • NFT
  • Bitcoin
  • Ethereum
  • Altcoins
    • Cardano
    • XRP
    • Litecoin
    • Chainlink
  • Shit Coins
    • Dogecoin
  • Exchanges
No Result
View All Result
No Result
View All Result

Chainlink Price Analysis: 14 May

by TheCryptoDirt.com
May 14, 2021
in Chainlink
0

YOU MAY ALSO LIKE

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

[ad_1]

Disclaimer: The findings of the next evaluation are the only opinions of the author and shouldn’t be taken as funding recommendation

Chainlink‘s [LINK] market, at press time, was recovering after the market-wide fall on the twelfth of Could. In truth, LINK was as soon as buying and selling at $49.80, following which, it collapsed by 18% and plunged to $40.77.

On the time of press, nonetheless, some restoration was afoot, with LINK priced at round $44.63 regardless of its resistance degree holding agency.

Chainlink four-hour chart

Supply: LINKUSD on TradingView

Chainlink’s four-hour chart highlighted how the digital asset was as soon as buying and selling beneath $38, earlier than the bullishness in Could managed to push the worth increased. The value of LINK has risen by 15% in Could and after its newest hiccup, the worth might proceed with its sideways motion on the charts.

Reasoning

In accordance with the aforementioned chart, LINK’s worth has been testing the highest resistance at $50, however has not been capable of maintain on to a price above this degree. After the current re-test of this resistance, the worth collapsed to the help at $38, after which it started to get well once more.

This shifted the volatility out there and this was seen within the divergence of the Bollinger Bands. Because the market recovered, the LINK market moved sideways with a rising bearishness. The Sign line slid above the candlesticks, which was a sign of the worth trending decrease.

In the meantime, the consolidation stress was highlighted by the Relative Power Index that remained at 47, near the equilibrium zone. This meant that the shopping for and promoting pressures have been evened out and the merchants agreed with the press time buying and selling worth.

Conclusion

The overall bearish volatility within the wider market pushed LINK down the bearish path. Nonetheless, the mentioned bearishness has additionally pushed the worth to a territory snug for the consumers and the sellers. With LINK testing the resistance degree at $44, the merchants might wish to maintain on to the present worth degree for a pattern change.


Signal Up For Our Newsletter


[ad_2]

Source link

Tags: analysisChainlinkprice
ShareTweetShare

Search

No Result
View All Result
  • Privacy & Policy
  • About Us

© 2021 The Crypto Dirt  

No Result
View All Result
  • About Us
  • About Us
  • Attribution
  • Contact
  • Contact Us
  • Exchanges
  • Home
  • NFT
  • Privacy & Policy
  • Shit Coins

© 2021 The Crypto Dirt