How much is LINK worth?

Today Chainlink's real-time price is $6.18 with a 24-hour trading volume of $122,541,645. Chainlink is up 1.18% in the past 24 hours. It is currently ranked 22nd on CoinMarketCap with a real-time market cap of $3,322,945,427. It has a circulating supply of 538,099,970 LINK coins and a maximum circulation of 538,099,970 LINK coins. Supply 1,000,000,000 LINK coins.

  • Chainlink price analysis today indicates optimism in the market.

  • LINK is trading at $6.18, up 1.18%.

  • The bulls are targeting the $6.30 resistance level.

Chainlink price analysis for July 11 shows that LINK is trading above the psychological level of $6.00. Buyers overcame the selling pressure and pushed the price towards the $6.30 resistance level. Recently, LINK broke above the immediate resistance near the $6.20 mark, opening the doors for further price gains today. However, the bulls are facing stiff resistance at the $6.30 level, preventing further gains. If this level is breached, the current trend in favor of the bulls could push LINK towards the $6.30 resistance level.

The daily chart for Chainlink price analysis shows that the price has tried to break through the $6.20 level on several occasions but failed each time. However, as the trendline shows, buyers have been able to gain momentum and break through this key barrier. This could mean that bullish momentum is building in the market as buyers take control and move towards the $6.30 resistance level.

Chainlink’s MACD is showing positive values, but the MACD line is moving below the signal line, which suggests that the market is still in a consolidation phase. Moreover, the RSI indicator is trading above the 50 level, suggesting that LINK may soon rebound. The Bollinger Bands are narrowing and the price is trading inside the Bollinger Bands. LINK may soon break out.

The hourly chart of Chainlink price analysis shows that the bulls are attempting to break above the $6.20 level. The buyers had to overcome a couple of bearish candles to reach this level, which suggests that they have enough momentum to continue moving higher.

Technical indicators such as MACD and RSI indicate that LINK has bullish momentum. The MACD line is above the signal line, suggesting further price increases. The RSI is also trading upwards towards the 50 level, indicating that LINK is in an uptrend.

in conclusion

Chainlink theoretically stands as a cryptocurrency against the entire cryptocurrency market. However, Chainlink as a project has only three main competitors: Band Protocol, API3, and WINKlink. Connecting other projects is the main function of oracle networks like Chainlink and the three listed above. The most critical parameter for them is the number of partners they have, making them compatible with each other and the outside world. Chainlink has ten times more collaborations and integrations than these three projects combined, far ahead of its competitors. It is undoubtedly the best.

Long-term price predictions suggest that LINK could hit new all-time highs as cryptocurrency adoption strengthens in the coming years. However, these are our Chainlink price predictions based on in-depth analysis and historical data tracking, and therefore do not constitute investment advice. Please conduct your own research before making an investment choice.