The market is finally showing some upside momentum with Chainlink on a bull run. LINK price has remained bullish over the past few hours and holding at $7.41. The altcoin gained 9.13% in the last 24 hours, and will surely hit $7.50 soon.
Chainlink, ranked No. 19 on CoinMarketCap, is showing positive movement. The broader crypto market shows signs of buying on the downturn. Moreover, it has been performing better than stocks, boosting buyers’ hopes. Chainlink price is becoming hooked to the movement towards either extreme, showing increasing dynamics.
The Bollinger’s band’s upper limit at $7.4, which is the strongest resistance point for LINK, and the lower limit is $6.6 – the strongest support point. LINK price is moving over the price of the moving average. This indicates a bullish movement. And with the LINK price moving upward, the market will see a further broader increase. LINK’s relative strength index is 67, meaning that the altcoin is above the upper-neutral region. The RSI will move further upward to an overall increase.