During the past 24 hours, price From ChainLink (Link) tried to increase the brand $ 14 but failed. As a result, the price has decreased to less than the instant FIB levels, and the bears are currently aimed at further declines without FIB levels. The fear/greed index, which now showed a feeling of great fear at the 19th level. At the same time, the trading volume of Chainlink decreased by 16.6 % in the past 24 hours, to reach 704 million dollars.
Looking at the longest direction, the Link price has decreased since mid -December, as it decreased from $ 31 to about $ 15 on February 3. In recent weeks, the bonding price has a strong, downward pressure as the bears strongly defends more than $ 15. During the past 24 hours, the market value decreased by 9.3 %, reaching 8.12 billion dollars.
The open LINK attention rises
Over the past 24 hours, the bonding price has been trying to increase the immediate resistance line. However, it faces strong dominance about the $ 14 sign.
In the past 24 hours, Chainlink has seen a large amount of long position qualifiers. According to Coinglass, about $ 1.32 million occurred in correlation deals, with a long rank of $ 854,000 of this folder. On the other hand, the sellers settled about $ 463,000 of positions.
In the midst of this declining pressure, the interest in chainlink trading increased. The open interest, which tracks the total number of trading contracts due, increased to 430 million dollars, which reflects an increase of 5.4 % in only 24 hours.
ChainLink Prices: Technical Analysis
Chainlink is witnessing great pressure, and is struggling to exceed the $ 14 sign. Recent attempts by buyers have decreased to reduce stagnation, prompting the association price towards another possible decrease less than the main Vibonacci levels. Currently, the price of ChainLink is $ 13.08, as it has decreased by 1.1 % over the past 24 hours.
Trading activity around the bias/USDT shows continuous resistance from the sellers, which prevents any immediate progress of the price. With the RSI (RSI) index (RSI) without the center point at 39, Chainlink may experience an additional decrease, and possibly re -test the $ 11.7 sign. If you settle on this threshold, there is an opportunity to apost to $ 14.7, and perhaps until it reaches $ 17.6 if the momentum continues. On the contrary, the decline can lead to less than $ 11.7 to correct a large market for Chainlink.
Prediction of the link: What do you expect after that?
short term: According to Blockchainreportter, the bonding price may continue to decrease. If the price maintains its current momentum, we may see a test of $ 11.7. On the top side, $ 14.7 is the range.
Long term: According to the current price of Conincodex, the price is expected to increase by 8.36 %, to reach 13.80 dollars by April 11, 2025. technical indicators indicate over the past thirty days, Chainlink has seen 13 green days, representing 43 % of time, with price fluctuation by 11.23 %. Based on these expectations, it is currently an inaccurate time to buy Chainlink.
The link price is traded at $ 13.08 at the time of this report. The association price has decreased by more than 1.1 % in the past 24 hours.
Throughout the day, the link price may continue to decrease. If the price maintains its current momentum, we may see a test of $ 11.7. On the top side, $ 14.7 is the range.
According to long -term expectations, the price of Sainlink may reach $ 13.8 by April 11. This makes the bonding price a bad investment given its monthly return.
Investment risk for Chainlink
Investing in the correlation price can be risky due to market fluctuations. Investors must:
- Conducting technical analysis and chain.
- Evaluation of their financial situation and tolerance with risks.
- Consult with financial advisors if necessary.
