Chainlink News

Will LINK be Successful in Drawing Inverse Head Fluctuation in the Market?

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LINK recently partnered with COSMOS station as their node operator. The networkers are quite hopeful that this might help LINK network with decentralized oracle service to increase credibility of users in the network.

LINK Price Chart

Yesterday, the value was initially seen at the lowest touch down of $1.7832 around 06:23 UTC. The value from then escalated by 5.56% at 21:11 UTC to the highest touch point in the said time frame of $1.8824. LINK price then dropped by 5.46% to the lowest point of today at 00:21 UTC, trading at $1.780. However, the current trading price is increased by 5.27%.

LINK is more inclined towards the bearish zone, but the current trend seems to take a spike. The short-term movement can be taken positively for intra-day trading returns.

While the long-term movement can be fruitful too, as it seems that the value might escalate in a good direction soon.

The calculated resistance and support levels are as follows:

Resistance Levels:

R1: $1.87, R2: $1.93, R3: $1.97

Support Levels:

S1: $1.77, S2: $1.73, S3: $1.67

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