Chainlink (LINK) Price Analysis

Chainlink (LINK) started the previous week with a staggering increase of over 33.16% as it surged past $20 and settled at $25.22. However, buyers lost momentum after reaching this level as LINK registered a drop of 4.35% on Tuesday and settled at $24.12. Buyers attempted a recovery on Wednesday as LINK reached an intraday high of $26.52. However, it fell back after reaching this level and registered a marginal drop to settle at $24.10. Sellers retained control on Tuesday as LINK fell almost 4% to $23.12. However, it recovered on Friday, surging nearly 12% to go above $25 and settle at $25.88.

Source: TradingView

LINK had a mixed weekend as it registered a drop of over 4% on Saturday and rose by 5.23% on Sunday to settle at $26.10. However, sentiment changed dramatically on Monday as LINK plummeted from an intraday high of $27.36 to an intraday low of $19.78. LINK ultimately settled at $22.31 after registering a drop of 14.53%. LINK experienced significant volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as LINK registered a marginal drop to settle at $22.13. LINK recovered on Wednesday as it rebounded from an intraday low of $21.16, registering an increase of 8.16% and settling at $24.06. Bullish sentiment has intensified significantly during the current session, with LINK up a staggering 21% as it looks to go above $30.

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